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Use the Following General Linear Supply Function Q5=40+6P8PI+10FQ _ { 5 } = 40 + 6 P - 8 P _ { I } + 10 F

Question 6

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Use the following general linear supply function: Q5=40+6P8PI+10FQ _ { 5 } = 40 + 6 P - 8 P _ { I } + 10 F where Q5Q _ { 5 } is the quantity supplied of the good,P is the price of the good, PIP _ { I } is the price of an input,and F is the number of firms producing the good.When PIP _ { I } = $40 and F = 50,the INVERSE supply function is


A) P = -36.667 + 0.1667Qs.
B) P = -220 + 6Qs.
C) P = 220 + 0.1667Qs.
D) P = 220 + 6Qs.

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