Soru
9. (LO4) Find the producer's surplus at Q=5 for the supply function P=23+2Q a). 5 b). 10 c). 15 d). 20 e). 25
Çözüm
4.7
(193 Oylar)
Zeliha
Elit · 8 yıl öğretmeni
Uzman doğrulaması
Cevap
To find the producer's surplus at
for the supply function
, we need to follow these steps:1. **Determine the market price at
**:
2. **Find the supply function's intercept (i.e., the price when
)**:
3. **Calculate the area of the triangle formed by the supply curve, the price level at
, and the price level at
**: The base of the triangle is the difference in price levels, and the height is the quantity
.
4. **Calculate the area of the triangle**:
Therefore, the producer's surplus at
is
.The correct answer is:e). 25