Let P represent price; let Q^Srepresent quantity supplied; and assume the equation of the supply curve is $P = 10 + ( 1 / 4 ) Q ^ { S }$
.If 80 units of the good are produced and sold,then producer surplus amounts to $1,200.

Question

Let P represent price; let Q^Srepresent quantity supplied; and assume the equation of the supply curve is

P = 10 + ( 1 / 4 ) Q ^ { S }

.If 80 units of the good are produced and sold,then producer surplus amounts to $1,200.

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The Answer of Let P represent price; let Q^Srepresent quantity supplied; and assume the equation of the supply curve is $P = 10 + ( 1 / 4 ) Q ^ { S }$ .If 80 units of the good are produced and sold,then producer surplus amounts to $1,200.

Let P Represent Price; Let QS represent Quantity Supplied; and Assume

Let P Represent Price; Let Q^Srepresent Quantity Supplied; and Assume