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Given a supply curve of P=6+3Qs and a market price P of $16, how much is the producer surplus? Note: Show your answer in units
Given a supply curve of P=6+3Qs and a market price P of $16, how much is the producer surplus? Note: Show your answer in units of dollars, use plain numbers with at least two digits after the decimal (e.g., for $1,234.56, type 1234.56 )
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