Multiple Choice
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
Correct Answer:

Verified
Correct Answer:
Verified
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