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The supply curve for the product X is given by Q X S = -520 + 20P X a. find the inverse supply curve. P
The supply curve for the product X is given by QXS = -520 + 20PX
a. find the inverse supply curve.
P = ____________ + ______________ Q
b. how much surplus do producers receive when Qx= 400? when Qx = 1,200?
when Qx = 400: $____________
when Qx = 1,200: $ ______________
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