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.
A)$6,466.67
B)$23,333.33
C)$16,166.67
D)$26,366.67
E)$13,133.33

Question

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. ​
A)$6,466.67 
B)$23,333.33 
C)$16,166.67 
D)$26,366.67 
E)$13,133.33

Quizplus · Accepted Answer

The Answer of 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. ​
A)$6,466.67 
B)$23,333.33 
C)$16,166.67 
D)$26,366.67 
E)$13,133.33

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