The supply function for some product is given by

q=2p^2 +12p−14 (p≥1).

Find the inverse supply function. (hint: complete the square!)

b(p)= 10p/(105−p)

Show that b(p) is a one-to-one function. Then find the inverse function (in other words, write p as a function of b).

#### Top Answer

a) p = √ 2 q + 3 2 − 3 is the reverse... View the full answer

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#### Other Answers

(a) The inverse supply function is: p = − 3 + [ √ 2 ... View the full answer