Use the following general linear supply function:
where
is the quantity supplied of the good,P is the price of the good,
is the price of an input,and F is the number of firms producing the good.When
= $40 and F = 50,the INVERSE supply function is
A) P = -36.667 + 0.1667Qs.
B) P = -220 + 6Qs.
C) P = 220 + 0.1667Qs.
D) P = 220 + 6Qs.
Correct Answer:
Verified
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