Question

Find the producers' surplus if the supply function for pork bellies is given by the following.\ $S(q) = q^{7/2} + 2q^{5/2} + 54$ Assume supply and demand are in equilibrium at $q = 25$. The producers' surplus is $\boxed{}$ (Type an integer or decimal rounded to the nearest hundredth as needed.)

          Find the producers' surplus if the supply function for pork bellies is given by the following.\
$S(q) = q^{7/2} + 2q^{5/2} + 54$
Assume supply and demand are in equilibrium at $q = 25$.
The producers' surplus is $\boxed{}$ 
(Type an integer or decimal rounded to the nearest hundredth as needed.)
        
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Find the producers' surplus if the supply function for pork bellies is given by the following.S(q) = q^7/2 + 2q^5/2 + 54
Assume supply and demand are in equilibrium at q = 25.
The producers' surplus is  
(Type an integer or decimal rounded to the nearest hundredth as needed.)

Added by Courtney B.

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Calculus: Early Transcendentals
Calculus: Early Transcendentals
James Stewart 8th Edition
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Find the producers'surplus if the supply function for pork bellies is given by the following K S(q=q712+2q5/2+54 Assume supply and demand are in equilibrium at q=25 The producers'surplus is $ (Type an integer or decimal rounded to the nearest hundredth as needed.
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Transcript

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00:01 Hi, here we want to find the producer surplus when the supply curve is given by this equation, the equilibrium quantity is equal as 16.
00:15 So the supply curve is q to the 7 over 2 plus 3, q to the 5 over 2 plus 52.
00:23 The producer surplus is given by the formula 0.
00:36 The integral from 0 up to the quantity at equilibrium and the integrant is the equilibrium minus the supply curve and we integrate with respect to q.
00:56 So this means that in order to calculate the producer surplus we need to know both the equilibrium quantity which we already have and we also need to know the price at equilibrium so the price at equilibrium is going to be equal to them supply curve calculated at the equilibrium quantity so this is going to be 16 to the 7 over 2 plus 3 16 to the 5 over 2 plus 52 so this is really 16 let's me write it better 16 to one half and all these raised to the seven three times 16 to one half and all this raised to the seven plus 52 so we have four to the seven plus three times oops i made a mistake this will be five over here raised to the five plus 52 and now we can take our calculators and find what is this equal to so just give me a sec okay so if we use our calculator we can find that the equilibrium of price is 19 ,5005 so now what we do is that we are going to calculate the producers are plus we have everything we need so i need, okay, so i'm going to copy these things and i keep, so i don't need all of that now, i just need these things over here...
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