Home /
Expert Answers /
Economics /
the-supply-curve-for-product-x-is-given-by-qxs-500-20px-a-find-the-inverse-supply-curve-pa434
(Solved): The supply curve for product X is given by QXS = 500 + 20PX .
a. Find the inverse supply curve.
...
The supply curve for product X is given by QXS = −500 + 20PX .
a. Find the inverse supply curve.
P =
25
+
.05
Q
b. How much surplus do producers receive when Qx = 380? When Qx = 940?
When QX = 380: $
-
When QX = 940: $