Question: Use the following general linear supply function: Qs= 40 + 6P - 8P/+ 10F . where Qs is the quantity supplied of the good, Pis

Use the following general linear supply function: Qs= 40 + 6P - 8P/+ 10F . where Qs is the quantity supplied of the good, Pis the price of the good, P/ is the price of an input, and Fis the number of firms producing the good. Suppose P/= $40 and F= 50, what is the lowest price that will induce firms to supply 400 units of output? Multiple Choice $15 $20 $25 $30 O $35

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