Question: Recall from the previous chapter that the producers surplus is defined by where S(q) is the supply function, q 0 is the equilibrium quantity, and

Recall from the previous chapter that the producers’ surplus is defined by 90 [Po - S(q)] dq,

where S(q) is the supply function, q₀ is the equilibrium quantity, and p₀ S(q₀) is the equilibrium price. Find the producers’ surplus for each of the following supply functions and equilibrium quantities.

S(q) = 5q - q ln(12 - q) + 6, q₀ = 4

90 [Po - S(q)] dq,

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