Consider the Following Supply and Demand Schedules, with P in Dollars

question 59

Multiple Choice

Consider the following supply and demand schedules, with p in dollars and x as the number of units.

Use Simpson's Rule to approximate the producer's surplus at market equilibrium to 2 decimal places. Note that market equilibrium can be found from the tables.
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• A) $6,466.67
• B) $23,333.33
• C) $16,166.67
• D) $26,366.67
• E) $13,133.33

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