Question: Producers' Surplus The demand function for a certain brand of CD is given by p = - 0 . 0 1 x 2 - 0
Producers' Surplus The demand function for a certain brand of CD is given by
where is the unit price in dollars and is the quantity demanded each week, measured in units of a thousand. The supply function is given by
where is the unit price in dollars and stands for the quantity that will be made available in the market by the supplier, measured in units of a thousand. Determine the producers' surplus if the market price is set at the equilibrium price. Round your answer to the nearest dollar.
$
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