Explore BrainMass
Share

Inverse supply curve: Product X

This content was STOLEN from BrainMass.com - View the original, and get the solution, here!

The supply curve for product X is given by QXS = -480 + 20PX .

a. Find the inverse supply curve.

P = ____ + Q_____

b. How much surplus do producers receive when Qx = 320? When Qx = 940?

When QX = 320: $

When QX = 940: $

© BrainMass Inc. brainmass.com September 21, 2018, 9:18 pm ad1c9bdddf - https://brainmass.com/economics/equilibrium/inverse-supply-curve-product-x-586378

Solution Summary

This solution finds the inverse supply curve and a surplus.

$2.19