In this problem, p is in dollars and x is the number of units. Suppose that the supply function for a good is p = 4x2 + 26x + 3. If the equilibrium price is $171 per unit, what is the producer's surplus there? (Round your answer to the nearest cent.)
In this problem, p is in dollars and x is the number of units. Suppose that the supply function for a good is p = 4x2 + 26x + 3. If the equilibrium price is $171 per unit, what is the producer's surplus there? (Round your answer to the nearest cent.)
Algebra for College Students
10th Edition
ISBN:9781285195780
Author:Jerome E. Kaufmann, Karen L. Schwitters
Publisher:Jerome E. Kaufmann, Karen L. Schwitters
Chapter12: Algebra Of Matrices
Section12.CR: Review Problem Set
Problem 37CR
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In this problem, p is in dollars and x is the number of units.
Suppose that the supply function for a good is
p = 4x2 + 26x + 3.
If the equilibrium price is $171 per unit, what is the producer's surplus there? (Round your answer to the nearest cent.)
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