1. **State the problem:** We are given the supply curve $p = \sqrt{9 + x}$ and the quantity sold $x = 7$ units. We need to find the Producer's Surplus.
2. **Recall the formula for Producer's Surplus:**
Producer's Surplus = Total Revenue - Variable Cost
Alternatively, it can be calculated as the area above the supply curve and below the market price up to the quantity sold:
$$\text{Producer's Surplus} = p(x) \times x - \int_0^x S(t) \, dt$$
where $S(t)$ is the supply function and $p(x)$ is the price at quantity $x$.
3. **Calculate the price at $x=7$:**
$$p(7) = \sqrt{9 + 7} = \sqrt{16} = 4$$
4. **Calculate total revenue:**
$$TR = p(7) \times 7 = 4 \times 7 = 28$$
5. **Calculate the integral of the supply curve from 0 to 7:**
$$\int_0^7 \sqrt{9 + t} \, dt$$
Let $u = 9 + t$, then $du = dt$.
When $t=0$, $u=9$; when $t=7$, $u=16$.
So,
$$\int_9^{16} \sqrt{u} \, du = \int_9^{16} u^{1/2} \, du = \left[ \frac{2}{3} u^{3/2} \right]_9^{16} = \frac{2}{3} (16^{3/2} - 9^{3/2})$$
Calculate powers:
$$16^{3/2} = (\sqrt{16})^3 = 4^3 = 64$$
$$9^{3/2} = (\sqrt{9})^3 = 3^3 = 27$$
So,
$$\int_0^7 \sqrt{9 + t} \, dt = \frac{2}{3} (64 - 27) = \frac{2}{3} \times 37 = \frac{74}{3} \approx 24.67$$
6. **Calculate Producer's Surplus:**
$$PS = TR - \text{Area under supply curve} = 28 - \frac{74}{3} = \frac{84}{3} - \frac{74}{3} = \frac{10}{3} \approx 3.33$$
**Final answer:** The Producer's Surplus is $$\frac{10}{3}$$ or approximately 3.33 units.
Producers Surplus Aa5Fae
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