A company operates a supply curve of the form P = 3 = 3 Q + 5
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Question:
A company operates a supply curve of the form P =3Q +5 and in equilibrium sells 3 units
Estimate the producer surplus
How will the producer surplus be affected if they are only allowed to sell 2 units? (round up to two decimals)
Related Book For
Schaum S Outline Of Electric Circuits
ISBN: 9781260011968
7th Edition
Authors: Mahmood Nahvi, Joseph Edminister
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