4. The supply curve for product X is given by Q°, = -520 + a. Find the inverse supply curve. 20PX b. How much surplus the do producers receive when Q 400? When Q, =1200?
4. The supply curve for product X is given by Q°, = -520 + a. Find the inverse supply curve. 20PX b. How much surplus the do producers receive when Q 400? When Q, =1200?
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
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Transcribed Image Text:4. The supply curve for product X is given by Q°,= -520 +
20P,
a. Find the inverse supply curve.
b. How much surplus the do producers receive when Q,
400? When Q, =1200?
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