Question: The supply function for some product is given by q=2p^2+12p14 (p1). Find the inverse supply function. (hint: complete the square!) b(p)=10p/(105p) Show thatb(p) is a

The supply function for some product is given by

q=2p^2+12p14 (p1).

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

b(p)=10p/(105p)

Show thatb(p) is a one-to-one function. Then find the inverse function (in other words, writepas a function ofb).

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