s 1. Suppose the supply function for product K is given by [:1 x = 50 + 0.5 P: 5P3. a. Hon.T much of product I is produced when P: = $500 and P: = $30? h. Hora.T much of product I is produced when Pa: = $50 and P: = $30? c. Suppose P: = $30, Determine the supply function and inverse supplyr function for good 31. Graph the inverse supplyr function