Find the producers surplus at a price level

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Reference no: EM131270172

The accompainying table gives price supply data for the sale of hogs at a livestock market, where x is the number of pounds (in thousands) and p is the price per pound (in cents):

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(A) Using quadratic regression to model the data, find the demand at a price of 52.50 cents per pound.

(B) Use a numerical integration routine to find the producers surplus (to the nearest dollar) at a price level of 52.50 cents per pound.

Reference no: EM131270172

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