Kate's Great Crete (KGC) is a local monopolist of ready-mix concrete. Its annual demand function is , where P is the price, in dollars, of a cubic yard of concrete and Q is the number of cubic yards sold per year. What is KGC's inverse demand function?

Question

Kate's Great Crete (KGC) is a local monopolist of ready-mix concrete. Its annual demand function is  , where P is the price, in dollars, of a cubic yard of concrete and Q is the number of cubic yards sold per year. What is KGC's inverse demand function?

Quizplus · Accepted Answer

The Answer is C

Kate's Great Crete (KGC) Is a Local Monopolist of Ready-Mix