If the Supply Function for X Units of a Commodity

question 170

Multiple Choice

If the supply function for x units of a commodity is dollars, what is the producer's surplus at ? Round your answer to two decimal places. ​

• A) $3,576.9
• B) $2,928.14
• C) $25,657.84
• D) $3,056.14
• E) $25,785.84

---

Definitions:

Settlement Agreement

A legally binding contract between parties to a dispute, where they agree on the terms to resolve their differences without further litigation.

Legal Obligation

A duty enforced by law, requiring an individual or organization to follow or avoid a specific course of action.

Unilateral Contract

An agreement where only one party makes a promise or assumes an obligation to perform if a specified condition is met by another party.

Act

A written ordinance of a legislative body or an action done with a specific intention or outcome in mind.