The supply for a particular item is given by the function S (x) = 18+ 0.36x². Find the producer's surplus if the equilibrium price of a unit $54. The producer's surplus is $

College Algebra
1st Edition
ISBN:9781938168383
Author:Jay Abramson
Publisher:Jay Abramson
Chapter3: Functions
Section3.2: Domain And Range
Problem 61SE: The cost in dollars of making x items is given by the function Cx)=10x+500. a. The fixed cost is...
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The supply for a particular item is given by the function S (x) = 18+ 0.36x². Find the producer's
surplus if the equilibrium price of a unit $54.
The producer's surplus is $
Transcribed Image Text:The supply for a particular item is given by the function S (x) = 18+ 0.36x². Find the producer's surplus if the equilibrium price of a unit $54. The producer's surplus is $
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