The supply curve is , where is price and is quantity supplied. The change in producer surplus due to an increase in market price from to is ________ (rounded off to nearest integer).
IIT JAM 2024 Question 59: Integration and its applications
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The supply curve is p = 10 + x + 0.1x², where p is price and x is quantity supplied. The change in producer surplus due to an increase in market price from 30 to 70 is (rounded off to nearest integer).
Also written as: The supply curve is p = 10 + x + 0.1x^2, where p is price and x is quantity supplied. The change in producer surplus due to an increase in market price from 30 to 70 is (rounded off to nearest integer).
Integration and its applications has come up 43 times in 6 exams since 2007.
What this question tests
This question is on Applications of integration, part of Integration and its applications in Mathematics.
Using integrals for areas, surplus and recovering totals from marginal quantities.
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