Chapter 13.4, Problem 33E

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11th Edition

Ronald J. Harshbarger + 1 other

ISBN: 9781305108042

Textbook Problem

Find the producers surplus at market equilibrium for a product with demand function

To determine

**To calculate:** The producer’s surplus at market equilibrium for a product whose demand function is approximated by

Explanation

**Given Information:**

The Producer’s Surplus at market equilibrium for a product whose demand function is approximated by

**Formula used:**

The producer’s surplus for a supply function

Where

**Calculation:**

Consider the supply function,

The supply function is equal to the demand function at equilibrium point.

Further solve the above, to get

And

Substituting *x* in the supply function

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