Question
Suppose the daily supply equation for noise cancelling wireless headphones is given by p = S(x) = 90 + 30e0.05x where p is in
Suppose the daily supply equation for noise cancelling wireless headphones is given by p = S(x) = 90 + 30e0.05x where p is in dollars and x is the number of headphones produced daily. Determine the quantity supplied if the market price is 270 dollars. Quantity supplied (exact value) = = units Determine the producer surplus at the market price of 270 dollars. Producer surplus (exact value) = dollars Producer surplus (rounded to the nearest dollar) = = dollars
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Get StartedRecommended Textbook for
Principles of Economics
Authors: Robert Frank, Ben Bernanke
5th edition
73511404, 978-0073511405
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