Question: Use the supply and demand schedules in Problems 27 and 28, with p in dollars and x as the number of units. Use Simpson's Rule
Use the supply and demand schedules in Problems 27 and 28, with p in dollars and x as the number of units.
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Use Simpson's Rule to approximate the producer's surplus at market equilibrium. Note that market equilibrium can be found from the tables. Round all calculations to 2 decimal places
Supply Schedule Demand Schedule 120 2400 10 260 10 1500 20 380 20 1200 450 30 950 40 540 40 800 50 630 50 730 60 680 60 680 70 720 70 640
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