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If the supply function for a commodity is p=3+x3p = 3+x^3. Then the producer's surplus, if 10 units of the goods are sold, is:

Solution

✅ Correct Option: 3

At x0=10x_0 = 10, the price is p0=3+1000=1003p_0 = 3+1000 = 1003. Producer's surplus =p0x0−∫010(3+x3)dx=10030−(30+2500)=7500= p_0x_0 - \int_0^{10}(3+x^3)dx = 10030 - (30+2500) = 7500.

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