Chapter 13.4, Problem 35E

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11th Edition

Ronald J. Harshbarger + 1 other

ISBN: 9781305108042

Textbook Problem

The demand function for a certain product is

To determine

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

Explanation

**Given Information:**

The producerâ€™s surplus at market equilibrium for a product whose demand function is approximated by

**Formula used:**

The producerâ€™s surplus for a supply function

Where

The quadratic formula for a quadratic equation

**Calculation:**

Consider the supply function,

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

Compare the above equation with the standard quadratic equation,

Use the quadratic formula to solve the quadratic equation to get the value of

Substituting

Sect-13.1 P-1CPSect-13.1 P-2CPSect-13.1 P-1ESect-13.1 P-2ESect-13.1 P-3ESect-13.1 P-4ESect-13.1 P-5ESect-13.1 P-6ESect-13.1 P-7ESect-13.1 P-8E

Sect-13.1 P-9ESect-13.1 P-10ESect-13.1 P-11ESect-13.1 P-12ESect-13.1 P-13ESect-13.1 P-14ESect-13.1 P-15ESect-13.1 P-16ESect-13.1 P-17ESect-13.1 P-18ESect-13.1 P-19ESect-13.1 P-20ESect-13.1 P-21ESect-13.1 P-22ESect-13.1 P-23ESect-13.1 P-24ESect-13.1 P-25ESect-13.1 P-26ESect-13.1 P-27ESect-13.1 P-28ESect-13.1 P-29ESect-13.1 P-30ESect-13.1 P-31ESect-13.1 P-32ESect-13.1 P-33ESect-13.1 P-34ESect-13.1 P-35ESect-13.1 P-36ESect-13.1 P-37ESect-13.1 P-38ESect-13.1 P-39ESect-13.1 P-40ESect-13.2 P-1CPSect-13.2 P-2CPSect-13.2 P-1ESect-13.2 P-2ESect-13.2 P-3ESect-13.2 P-4ESect-13.2 P-5ESect-13.2 P-6ESect-13.2 P-9ESect-13.2 P-10ESect-13.2 P-11ESect-13.2 P-12ESect-13.2 P-7ESect-13.2 P-8ESect-13.2 P-23ESect-13.2 P-24ESect-13.2 P-13ESect-13.2 P-14ESect-13.2 P-15ESect-13.2 P-16ESect-13.2 P-17ESect-13.2 P-18ESect-13.2 P-19ESect-13.2 P-20ESect-13.2 P-21ESect-13.2 P-22ESect-13.2 P-25ESect-13.2 P-26ESect-13.2 P-27ESect-13.2 P-28ESect-13.2 P-29ESect-13.2 P-30ESect-13.2 P-31ESect-13.2 P-32ESect-13.2 P-33ESect-13.2 P-34ESect-13.2 P-35ESect-13.2 P-36ESect-13.2 P-37ESect-13.2 P-38ESect-13.2 P-39ESect-13.2 P-40ESect-13.2 P-41ESect-13.2 P-42ESect-13.2 P-43ESect-13.2 P-44ESect-13.2 P-45ESect-13.2 P-46ESect-13.2 P-47ESect-13.2 P-48ESect-13.2 P-49ESect-13.2 P-50ESect-13.2 P-51ESect-13.2 P-52ESect-13.2 P-53ESect-13.2 P-54ESect-13.2 P-55ESect-13.2 P-56ESect-13.2 P-57ESect-13.2 P-58ESect-13.2 P-59ESect-13.2 P-60ESect-13.2 P-61ESect-13.2 P-62ESect-13.2 P-63ESect-13.2 P-64ESect-13.2 P-65ESect-13.2 P-66ESect-13.2 P-67ESect-13.2 P-68ESect-13.3 P-1CPSect-13.3 P-2CPSect-13.3 P-3CPSect-13.3 P-1ESect-13.3 P-2ESect-13.3 P-3ESect-13.3 P-4ESect-13.3 P-5ESect-13.3 P-6ESect-13.3 P-7ESect-13.3 P-8ESect-13.3 P-9ESect-13.3 P-10ESect-13.3 P-11ESect-13.3 P-12ESect-13.3 P-13ESect-13.3 P-14ESect-13.3 P-15ESect-13.3 P-16ESect-13.3 P-17ESect-13.3 P-18ESect-13.3 P-19ESect-13.3 P-20ESect-13.3 P-21ESect-13.3 P-22ESect-13.3 P-23ESect-13.3 P-24ESect-13.3 P-25ESect-13.3 P-26ESect-13.3 P-27ESect-13.3 P-28ESect-13.3 P-29ESect-13.3 P-30ESect-13.3 P-31ESect-13.3 P-32ESect-13.3 P-33ESect-13.3 P-34ESect-13.3 P-35ESect-13.3 P-36ESect-13.3 P-37ESect-13.3 P-38ESect-13.3 P-39ESect-13.3 P-40ESect-13.3 P-41ESect-13.3 P-42ESect-13.3 P-43ESect-13.3 P-44ESect-13.3 P-45ESect-13.3 P-46ESect-13.3 P-47ESect-13.3 P-48ESect-13.3 P-49ESect-13.3 P-50ESect-13.4 P-1CPSect-13.4 P-2CPSect-13.4 P-3CPSect-13.4 P-1ESect-13.4 P-2ESect-13.4 P-3ESect-13.4 P-4ESect-13.4 P-5ESect-13.4 P-6ESect-13.4 P-7ESect-13.4 P-8ESect-13.4 P-9ESect-13.4 P-10ESect-13.4 P-11ESect-13.4 P-12ESect-13.4 P-13ESect-13.4 P-14ESect-13.4 P-15ESect-13.4 P-16ESect-13.4 P-17ESect-13.4 P-18ESect-13.4 P-19ESect-13.4 P-20ESect-13.4 P-21ESect-13.4 P-22ESect-13.4 P-23ESect-13.4 P-24ESect-13.4 P-25ESect-13.4 P-26ESect-13.4 P-27ESect-13.4 P-28ESect-13.4 P-29ESect-13.4 P-30ESect-13.4 P-31ESect-13.4 P-32ESect-13.4 P-33ESect-13.4 P-34ESect-13.4 P-35ESect-13.4 P-36ESect-13.5 P-1CPSect-13.5 P-2CPSect-13.5 P-3CPSect-13.5 P-4CPSect-13.5 P-5CPSect-13.5 P-6CPSect-13.5 P-1ESect-13.5 P-2ESect-13.5 P-3ESect-13.5 P-4ESect-13.5 P-5ESect-13.5 P-6ESect-13.5 P-7ESect-13.5 P-8ESect-13.5 P-9ESect-13.5 P-10ESect-13.5 P-11ESect-13.5 P-12ESect-13.5 P-13ESect-13.5 P-14ESect-13.5 P-15ESect-13.5 P-16ESect-13.5 P-17ESect-13.5 P-18ESect-13.5 P-19ESect-13.5 P-20ESect-13.5 P-21ESect-13.5 P-22ESect-13.5 P-23ESect-13.5 P-24ESect-13.5 P-25ESect-13.5 P-26ESect-13.5 P-27ESect-13.5 P-28ESect-13.5 P-29ESect-13.5 P-30ESect-13.5 P-31ESect-13.5 P-32ESect-13.5 P-33ESect-13.5 P-34ESect-13.5 P-35ESect-13.5 P-36ESect-13.5 P-37ESect-13.5 P-38ESect-13.5 P-39ESect-13.5 P-40ESect-13.5 P-41ESect-13.5 P-42ESect-13.6 P-1CPSect-13.6 P-2CPSect-13.6 P-1ESect-13.6 P-2ESect-13.6 P-3ESect-13.6 P-4ESect-13.6 P-5ESect-13.6 P-6ESect-13.6 P-7ESect-13.6 P-8ESect-13.6 P-9ESect-13.6 P-10ESect-13.6 P-11ESect-13.6 P-12ESect-13.6 P-13ESect-13.6 P-14ESect-13.6 P-15ESect-13.6 P-16ESect-13.6 P-17ESect-13.6 P-18ESect-13.6 P-19ESect-13.6 P-20ESect-13.6 P-21ESect-13.6 P-22ESect-13.6 P-23ESect-13.6 P-24ESect-13.6 P-25ESect-13.6 P-26ESect-13.6 P-27ESect-13.6 P-28ESect-13.6 P-29ESect-13.6 P-30ESect-13.6 P-31ESect-13.6 P-32ESect-13.6 P-33ESect-13.6 P-34ESect-13.6 P-35ESect-13.6 P-36ESect-13.6 P-37ESect-13.6 P-38ESect-13.7 P-1CPSect-13.7 P-2CPSect-13.7 P-1ESect-13.7 P-2ESect-13.7 P-3ESect-13.7 P-4ESect-13.7 P-5ESect-13.7 P-6ESect-13.7 P-7ESect-13.7 P-8ESect-13.7 P-9ESect-13.7 P-10ESect-13.7 P-11ESect-13.7 P-12ESect-13.7 P-13ESect-13.7 P-14ESect-13.7 P-15ESect-13.7 P-16ESect-13.7 P-17ESect-13.7 P-18ESect-13.7 P-19ESect-13.7 P-20ESect-13.7 P-21ESect-13.7 P-22ESect-13.7 P-23ESect-13.7 P-24ESect-13.7 P-25ESect-13.7 P-26ESect-13.7 P-27ESect-13.7 P-28ESect-13.7 P-29ESect-13.7 P-30ESect-13.7 P-31ESect-13.7 P-32ESect-13.7 P-33ESect-13.7 P-34ESect-13.7 P-35ESect-13.7 P-36ESect-13.7 P-37ESect-13.7 P-38ESect-13.7 P-39ESect-13.7 P-40ESect-13.7 P-41ESect-13.7 P-42ESect-13.7 P-43ESect-13.7 P-44ESect-13.7 P-45ESect-13.7 P-47ESect-13.8 P-1CPSect-13.8 P-2CPSect-13.8 P-3CPSect-13.8 P-1ESect-13.8 P-2ESect-13.8 P-3ESect-13.8 P-4ESect-13.8 P-5ESect-13.8 P-6ESect-13.8 P-7ESect-13.8 P-8ESect-13.8 P-9ESect-13.8 P-10ESect-13.8 P-11ESect-13.8 P-12ESect-13.8 P-13ESect-13.8 P-14ESect-13.8 P-15ESect-13.8 P-16ESect-13.8 P-17ESect-13.8 P-18ESect-13.8 P-19ESect-13.8 P-20ESect-13.8 P-21ESect-13.8 P-22ESect-13.8 P-23ESect-13.8 P-24ESect-13.8 P-25ESect-13.8 P-26ESect-13.8 P-27ESect-13.8 P-28ESect-13.8 P-29ESect-13.8 P-30ESect-13.8 P-31ESect-13.8 P-32ESect-13.8 P-33ESect-13.8 P-34ECh-13 P-1RECh-13 P-2RECh-13 P-3RECh-13 P-4RECh-13 P-5RECh-13 P-6RECh-13 P-7RECh-13 P-8RECh-13 P-9RECh-13 P-10RECh-13 P-11RECh-13 P-12RECh-13 P-13RECh-13 P-14RECh-13 P-15RECh-13 P-16RECh-13 P-17RECh-13 P-18RECh-13 P-19RECh-13 P-20RECh-13 P-21RECh-13 P-22RECh-13 P-23RECh-13 P-24RECh-13 P-25RECh-13 P-26RECh-13 P-27RECh-13 P-28RECh-13 P-29RECh-13 P-30RECh-13 P-31RECh-13 P-32RECh-13 P-33RECh-13 P-34RECh-13 P-35RECh-13 P-36RECh-13 P-37RECh-13 P-38RECh-13 P-39RECh-13 P-40RECh-13 P-41RECh-13 P-42RECh-13 P-43RECh-13 P-44RECh-13 P-45RECh-13 P-46RECh-13 P-47RECh-13 P-48RECh-13 P-49RECh-13 P-50RECh-13 P-51RECh-13 P-53RECh-13 P-54RECh-13 P-55RECh-13 P-1TCh-13 P-2TCh-13 P-3TCh-13 P-4TCh-13 P-5TCh-13 P-6TCh-13 P-7TCh-13 P-8TCh-13 P-9TCh-13 P-10TCh-13 P-11TCh-13 P-12TCh-13 P-13TCh-13 P-14TCh-13 P-15TCh-13 P-16T

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