Question:
The supply curve is given as $π = 10 + π₯ + 0.1π₯^2$, where π is the market price and π₯ is the quantity of goods supplied. The change in the producer surplus due to an increase in market price from 30 to 70 is ____. (rounded off to nearest integer).
The supply curve is given as $π = 10 + π₯ + 0.1π₯^2$, where π is the market price and π₯ is the quantity of goods supplied. The change in the producer surplus due to an increase in market price from 30 to 70 is ____. (rounded off to nearest integer).
Updated On: Oct 1, 2024
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Correct Answer: 616
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The correct answer is :616
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