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A Supply Function Is Given By $p _ { 3 } ( x ) = 5 + \frac { 1 } { 10 } x$

Question 103

Multiple Choice

A supply function is given by $p _ { 3 } ( x ) = 5 + \frac { 1 } { 10 } x$ , where x is the number of units produced. Find the producer surplus when the selling price is $15.

A) 100
B) 500
C) 250
D) 1000
E) 800
F) 400
G) 200
H) 2000

A Supply Function Is Given By p3(x)=5+110xp _ { 3 } ( x ) = 5 + \frac { 1 } { 10 } xp3​(x)=5+101​x

Multiple Choice

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A Supply Function Is Given By $p _ { 3 } ( x ) = 5 + \frac { 1 } { 10 } x$

Correct Answer:
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