Find the Producer's Surplus for a Product with Demand Function

question 111

Multiple Choice

Find the producer's surplus for a product with demand function and supply function where p is in millions of dollars and x is the number of thousands of units. Round your answer to one decimal place. ​

• A)37.5 million dollars
• B)26.5 million dollars
• C)21.0 million dollars
• D)22.5 million dollars
• E)23.5 million dollars

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Definitions:

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Medicinal capsules designed to dissolve slowly and release a drug over time to maintain a consistent level of medication in the bloodstream.

Nasogastric Tube

A medical device inserted through the nose and down into the stomach, used to feed patients or remove stomach contents.

Needleless Syringe

A type of syringe designed to administer medication or vaccines without piercing the skin with a needle.

Administration Time

The specific time or period during which a medication or treatment is scheduled to be given.