If the supply function is Q = 10 + p, what is the producer...

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Transcript

00:01 Here the supply function is being given to us as q equals to 10p.

00:05 So here p would be equals to q minus of 10.

00:09 If we have q equals to 0, so p would be equals to minus 10.

00:14 And if p is being equals to 0, so q would be equals to 10.

00:20 So if we substitute p equals to 20, so this would be q would be equals to 10 plus 20.

00:26 That would be having q equals to 30.

00:30 So if we are going to have producer circular, so this would be 20 multiplied by 10 plus of it would be 20 multiplied by 13 minus of 10 divided by 2...

Question

If the supply function is Q = 10 + p, what is the producer surplus if price is 20? A. 400 B. 300 C. 100 D. 200

Question

If the supply function is Q = 10 + p, what is the producer surplus if price is 20? A. 400 B. 300 C. 100 D. 200

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