Multiple Choice
The demand function for a product is , and the supply function for it is
, where p is the number of dollars and x is the number of units. If the equilibrium price is $248 what is the producer's surplus at the equilibrium price? Round to the nearest cent.
A) $34.51
B) $58.67
C) $152.53
D) $82.13
E) $176.00
Correct Answer:

Verified
Correct Answer:
Verified
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