Post Utme Afe Babalola University 2020 Commerce Question 39

Practice objective / multiple choice question 39 from the 2020 Post Utme Afe Babalola University Commerce examination.

Post Utme Afe Babalola University 2020 Commerce Objective / Multiple Choice
Question 39 POST_UTME_AFE_BABALOLA_UNIVERSITY • 2020 • COMMERCE • objective

A firm's supply function is given by S(p) = 100 - 2p. Find the inverse supply function.

Answer Options

Correct Answer A. p = 50 - 0.5S^{-1}(q)
B. p = 50 + 0.5S^{-1}(q)
C. p = 50 - S^{-1}(q)
D. p = 50 + S^{-1}(q)
Correct Answer
A
Correct Option:
p = 50 - 0.5S^{-1}(q)

About This Question

This is Post Utme Afe Babalola University 2020 Commerce Question 39. It is one of the objective questions from the 2020 Post Utme Afe Babalola University Commerce examination.

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