$Q _ { s } = 40 + 6 P - 8 P _ { I } + 10 F$

question 66

Multiple Choice

$Q _ { s } = 40 + 6 P - 8 P _ { I } + 10 F$ where $Q _ { s }$ 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.
-If $P _ { I }$ = $20 and F = 60 what is the equation of the supply function?

• A) \(Q _ { s } = 400 + 6 P\)
• B) \(Q _ { 5 } = 40 + 8 P\)
• C) \(P = 480 + 6 Q _ { 5 }\)
• D) \(Q _ { s } = 480 + 6 P\)
• E) none of the above

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