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