Multiple Choice
The demand function for a certain brand of compact disc is given by The supply function for the compact discs of is given by
where p is the wholesale unit price in dollars and x is the quantity demanded each week, measured in units of a thousand.Determine the producers' surplus if the wholesale market price is set at the equilibrium price.Round your answer to the nearest dollar.
A) $11,894
B) $11,667
C) $11,792
D) $11,346
Correct Answer:

Verified
Correct Answer:
Verified
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