QuestionCalculate the producers' surplus for the supply equation at the indicated unit price $\bar{p}$. HINT [See Example 2.] (Round your answer to the nearest cent.) $$\begin{array}{l} \quad p=110+e^{0.01 q} ; \bar{p}=150 \\ \$ 10842.89 \times \end{array}$$

Studdy Solution
Calculate the producers' surplus:
Producers' Surplus = Total Revenue - Integral of the supply curve
Total Revenue = $\bar{p} \times q = 150 \times 368.89$
$$= 55333.5$$
Producers' Surplus:
$$= 55333.5 - 44477.9$$
$$= 10855.6$$
Round to the nearest cent:
$$\boxed{10855.60}$$