The general supply function is $Q _ { s } = 40 + 4 P - 8 P _ { I } + 6 F$ , where $Q _ { d }$ = quantity supplied per month, P = the price of the commodity, $P _ { I }$ = price of an input, and F = number of sellers.
a. The supply function when $P _ { I }$ = $90 and F = 20 is ____________________. The supply function intersects the price axis at a price of $______.
b. Using the supply function in part a, the quantity supplied when the price of the commodity is $300 is ________ units per month. When the price is $400, the quantity supplied is _______ units per month.
c. The INVERSE supply equation (for part a) is ____________________. The supply price for 750 units per month is $_______.

Question

The general supply function is $Q _ { s } = 40 + 4 P - 8 P _ { I } + 6 F$ , where $Q _ { d }$ = quantity supplied per month, P = the price of the commodity, $P _ { I }$ = price of an input, and F = number of sellers. 
a. The supply function when $P _ { I }$ = $90 and F = 20 is ____________________. The supply function intersects the price axis at a price of $______. 
b. Using the supply function in part a, the quantity supplied when the price of the commodity is $300 is ________ units per month. When the price is $400, the quantity supplied is _______ units per month.
c. The INVERSE supply equation (for part a) is ____________________. The supply price for 750 units per month is $_______.

Quizplus · Accepted Answer

The Answer of The general supply function is $Q _ { s } = 40 + 4 P - 8 P _ { I } + 6 F$ , where $Q _ { d }$ = quantity supplied per month, P = the price of the commodity, $P _ { I }$ = price of an input, and F = number of sellers. 
a. The supply function when $P _ { I }$ = $90 and F = 20 is ____________________. The supply function intersects the price axis at a price of $______. 
b. Using the supply function in part a, the quantity supplied when the price of the commodity is $300 is ________ units per month. When the price is $400, the quantity supplied is _______ units per month.
c. The INVERSE supply equation (for part a) is ____________________. The supply price for 750 units per month is $_______.

The General Supply Function Is Qs=40+4P−8PI+6FQ _ { s } = 40 + 4 P - 8 P _ { I } + 6 FQs​=40+4P−8PI​+6F

The General Supply Function Is $Q _ { s } = 40 + 4 P - 8 P _ { I } + 6 F$