Explanation Given: The Supply Function; S ( q ) = 48 + 2.1 q 3 2 + q 5 2 Supply and Demand are in equilibrium at q = 16 . Formula used: Standard differentiation formula: d ( x n ) d x = n x n − 1 Integrating formula: ∫ t n d t = t n + 1 n + 1 Producer Surplus = ∫ 0 q [ p − S ( q ) ] d q Calculation: Producers’ Surplus provided by, Producer Surplus = ∫ 0 q [ p − S ( q ) ] d q Where S is supplied function, p is the equilibrium price and q is the equilibrium supply

Mathematics with Applications and Mylab Math with Pearson EText -- Title-Specific Access Card Package

12th Edition

ISBN: 9780134862668

Author: Lial, Margaret L.

Publisher: Pearson Education Canada

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Chapter 13.6, Problem 40E

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To calculate: The producers’ surplus.

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Chapter 13.6, Problem 39E

Chapter 13.6, Problem 41E

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Chapter 13 Solutions

Mathematics with Applications and Mylab Math with Pearson EText -- Title-Specific Access Card Package

Ch. 13.1 - Checkpoint 1 Find an antiderivative for each of...Ch. 13.1 - Checkpoint 2 Find each of the...Ch. 13.1 - Prob. 3CP Ch. 13.1 - Prob. 4CP Ch. 13.1 - Prob. 5CP Ch. 13.1 - Prob. 6CP Ch. 13.1 - Prob. 7CP Ch. 13.1 - Checkpoint 8 The marginal cost at a level of...Ch. 13.1 - 1. What must be true of F(x) and G(x) if both are...Ch. 13.1 - 2. How is the antiderivative of a function related...

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