Suppose the supply function for x units of a certain lamp is given by p = 0.02x

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Suppose the supply function for x units of a certain lamp is given by
p = 0.02x + 50.01 - 10 / √ x2 + 1
Where p is in dollars find the producer's surplus if the equilibrium price is $70 and the equilibrium quantity is 1000.

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Mathematical Applications for the Management Life and Social Sciences

ISBN: 978-1305108042

11th edition

Authors: Ronald J. Harshbarger, James J. Reynolds

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Question Posted: Feb 09, 2018 07:34 AM

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Suppose the supply function for x units of a certain lamp is given by p = 0.02x

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Mathematical Applications for the Management Life and Social Sciences

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