Question
The supply curve for product X is given by Q X S = 480 + 20 P X . a. Find the inverse supply curve.
The supply curve for product X is given by QXS = 480 + 20PX. a. Find the inverse supply curve. P = 24 + ???Q b. How much surplus do producers receive when Qx = 320? When Qx = 940? When QX = 320: $ ??? When QX = 940: $ ???
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Microeconomics
Authors: Austan Goolsbee, Steven Levitt, Chad Syverson
2nd edition
1464187029, 978-1464189104, 1464189102, 978-0716759751, 716759756, 978-1464187025
