Use the Following General Linear Supply Function $Q _ { 5 } = 40 + 6 P - 8 P _ { I } + 10 F$

question 6

Multiple Choice

Use the following general linear supply function: $Q _ { 5 } = 40 + 6 P - 8 P _ { I } + 10 F$ where $Q _ { 5 }$ is the quantity supplied of the good,P is the price of the good, $P _ { I }$ is the price of an input,and F is the number of firms producing the good.When $P _ { I }$ = $40 and F = 50,the INVERSE supply function is

• A)P = -36.667 + 0.1667Q_s.
• B)P = -220 + 6Q_s.
• C)P = 220 + 0.1667Q_s.
• D)P = 220 + 6Q_s.

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