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 Simpson's Rule (take n = 8) to estimate the producers'surplus if the price is $9/CD.(Round your answer to two decimal places)
A)28,491.8
B)25,491.8
C)23,491.8
D)27,491.8

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 Simpson's Rule (take n = 8) to estimate the producers'surplus if the price is $9/CD.(Round your answer to two decimal places)
A)28,491.8 
B)25,491.8 
C)23,491.8 
D)27,491.8

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 Simpson's Rule (take n = 8) to estimate the producers'surplus if the price is $9/CD.(Round your answer to two decimal places)
A)28,491.8 
B)25,491.8 
C)23,491.8 
D)27,491.8

The Supply Function for the CD Manufactured by Herald Records