Express the Sum in Summation Notation

question 147

Essay

Express the sum in summation notation.
1 + 3 + 5 + 7 + 9 + 11 + 13 + 15 + 17 + ...+ 37

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Definitions:

Producer Surplus

The discrepancy between the price at which producers are inclined to sell a product and the actual price they get, frequently viewed as an indicator of the well-being of producers.

Tax

A mandatory monetary fee or a different kind of tax placed on an individual or entity by a government agency.

Producer Surplus

The gap between the minimum amount that sellers are prepared to accept for a product or service and the higher price they actually get.

Consumer Surplus

The deviation between what consumers intend and are able to spend on a good or service compared to their final payment.