Use the Following General Linear Supply Function: Where

question 6

Multiple Choice

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