If the supply function for a commodity is where p is in millions of dollars and x is the number of thousands of units. What is the producer's surplus when 12 thousand units are sold? Round your answer to the nearest million dollars.
A) 5,623 million dollars
B) 3,461 million dollars
C) 3,468 million dollars
D) 3,999 million dollars
E) 3,524 million dollars

Question

If the supply function for a commodity is  where p is in millions of dollars and x is the number of thousands of units. What is the producer's surplus when 12 thousand units are sold? Round your answer to the nearest million dollars. ​
A) 5,623 million dollars 
B) 3,461 million dollars 
C) 3,468 million dollars 
D) 3,999 million dollars 
E) 3,524 million dollars

Quizplus · Accepted Answer

The Answer of If the supply function for a commodity is  where p is in millions of dollars and x is the number of thousands of units. What is the producer's surplus when 12 thousand units are sold? Round your answer to the nearest million dollars. ​
A) 5,623 million dollars 
B) 3,461 million dollars 
C) 3,468 million dollars 
D) 3,999 million dollars 
E) 3,524 million dollars

If the Supply Function for a Commodity Is Where