Suppose the supply function for concrete is given (in dollars) by S(q) = 100 + 3q 3/2
Question:
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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Sq 100 3q 32 q 52 equilib...View the full answer
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Dharshanie Bhim
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