Question: Please answer step by step. SHOW ALL WORK. 34. Find the producers' surplus if the supply function tor pork bellies is given bythe following. S(q)=q_2
Please answer step by step. SHOW ALL WORK.

34. Find the producers' surplus if the supply function tor pork bellies is given bythe following. S(q)=q_\"2 +2qsxz +53 Assume supply and demand are in equilibrium at q = 16. The producers' surplus is S . (Type an integer or decimal rounded to the nearest hundredth as needed.) ID: Bus Econ 7.5.31 35. A stock analyst plots the price per share of a certain common stock as a function of time and nds that it can be approximated by the function 80) = 44 + 10 e ' "'05', where t is the time (in years) since the stock was purchased. Find the average price of the stock over the rst eight years. The average price of the stock is $- . (Round to the nearest cent as needed.)
Step by Step Solution
There are 3 Steps involved in it
Get step-by-step solutions from verified subject matter experts
