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The Supply Function for the CD Manufactured by Herald Records

Question 163

Multiple Choice

The supply function for the CD manufactured by Herald Records is given by 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 Trapezoidal Rule (take n = 8) to estimate the producers'surplus if the price is $8/CD. Round answer to two decimal places. A) $33,069.99 B) $35,069.99 C) $34,069.99 D) $38,069.99 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 Trapezoidal Rule (take n = 8) to estimate the producers'surplus if the price is $8/CD. Round answer to two decimal places.


A) $33,069.99
B) $35,069.99
C) $34,069.99
D) $38,069.99

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