Calculate the Producers' Surplus at the Unit Price $\bar { p } = 15$

question 47

Multiple Choice

Calculate the producers' surplus at the unit price $\bar { p } = 15$ for the following supply equation. $p = 3 + 4 q ^ { \frac { 1 } { 3 } }$

• A)$80.00
• B) $81.00
• C) $86.00
• D) $89.00
• E) $83.00

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Definitions:

Required Return

The minimum annual percentage earned by an investment that will entice individuals or companies to put money into a particular security or project.

Dividend

A portion of a company's earnings distributed to its shareholders, usually in cash or additional shares.

Dividend

A portion of a company's earnings distributed to its shareholders, usually in the form of cash or additional stock.

Record Date

The specific date set by a company on which the investors must own shares to be entitled to dividends.