The supply function for the CD manufactured by Herald Records is given by where p is the unit price in dollars and x stands for the quantity that will be made available in the market by the supplier, measured in units of a thousand.Use Trapezoidal Rule (take n = 8) to estimate the producers'surplus if the price is $8/CD.Round answer to two decimal places.
A)$33,069.99
B)$35,069.99
C)$34,069.99
D)$38,069.99

Question

The supply function for the CD manufactured by Herald Records is given by  where p is the unit price in dollars and x stands for the quantity that will be made available in the market by the supplier, measured in units of a thousand.Use Trapezoidal Rule (take n = 8) to estimate the producers'surplus if the price is $8/CD.Round answer to two decimal places.
A)$33,069.99 
B)$35,069.99 
C)$34,069.99 
D)$38,069.99

Quizplus · Accepted Answer

The Answer of The supply function for the CD manufactured by Herald Records is given by  where p is the unit price in dollars and x stands for the quantity that will be made available in the market by the supplier, measured in units of a thousand.Use Trapezoidal Rule (take n = 8) to estimate the producers'surplus if the price is $8/CD.Round answer to two decimal places.
A)$33,069.99 
B)$35,069.99 
C)$34,069.99 
D)$38,069.99

The Supply Function for the CD Manufactured by Herald Records