Suppose the daily supply equation for noise cancelling wireless headphones is given by p = S(x) = 40 + 80e0.1x where p is in dollars and x is the number of headphones produced daily. Determine the quantity supplied if the market price is 440 dollars. Quantity supplied (exact value) = Determine the producer surplus at the market price of 440 dollars. Producer surplus (exact value) = units dollars Producer surplus (rounded to the nearest dollar) = dollars

Suppose the daily supply equation for noise cancelling wireless headphones is given by p = S(x) = 40 + 80e0.1x where p is in dollars and x is the number of headphones produced daily. Determine the quantity supplied if the market price is 440 dollars. Quantity supplied (exact value) = Determine the producer surplus at the market price of 440 dollars. Producer surplus (exact value) = units dollars Producer surplus (rounded to the nearest dollar) = dollars

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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