The supply function p= s(q) indicates the price at which producers are willing to supply a certain quantity of output q. Producer surplus provides a measure of the total benefit producers derive from equilibrium quantity qo and price po: -59⁰s s(q)dq If the supply function is p = 1q2-q+6 and the equilibrium price is 30 (and q> 0), what is the producer surplus? O 556 3 O 456 O 516 O 416 O None of the above Pogo-

Advanced Engineering Mathematics
10th Edition
ISBN:9780470458365
Author:Erwin Kreyszig
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Chapter2: Second-order Linear Odes
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The supply function p = s(q) indicates the price at which producers are willing to supply a certain quantity of output q. Producer surplus provides a measure of the total benefit producers derive from
equilibrium quantity 9o and price po:
-5.90s(0
s(q)dq
If the supply function is p = 1 q² − q + 6 and the equilibrium price is 30 (and q > 0), what is the producer surplus?
556
3
O 456
3
516
3
416
3
None of the above
P090
Transcribed Image Text:The supply function p = s(q) indicates the price at which producers are willing to supply a certain quantity of output q. Producer surplus provides a measure of the total benefit producers derive from equilibrium quantity 9o and price po: -5.90s(0 s(q)dq If the supply function is p = 1 q² − q + 6 and the equilibrium price is 30 (and q > 0), what is the producer surplus? 556 3 O 456 3 516 3 416 3 None of the above P090
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