Question: Suppose the supply function for concrete is given (in dollars) by S(q) = 100 + 3q 3/2 + q 5/2 , and that supply and
Suppose the supply function for concrete is given (in dollars) by S(q) = 100 + 3q3/2 + q5/2, and that supply and demand are in equilibrium at q = 9. Find the producers’ surplus.
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