Producers' Surplus A supplier of portable hair dryers will make x hundred units of hair dryers available in the market when the unit price is p=√64 +3.6x dollars. Determine the producers' surplus if the market price is set at $10/unit. (Round your answer to two decimal places.) $15.00 x Need Help? Read It Watch H

Producers' Surplus A supplier of portable hair dryers will make x hundred units of hair dryers available in the market when the unit price is p=√64 +3.6x dollars. Determine the producers' surplus if the market price is set at $10/unit. (Round your answer to two decimal places.) $15.00 x Need Help? Read It Watch H

Exploring Economics

8th Edition

ISBN:9781544336329

Author:Robert L. Sexton

Publisher:Robert L. Sexton

Chapter7: Market Efficiency And Welfare

Section: Chapter Questions

Problem 4P

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