What is the inverse of the demand function

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Question: 1. To convert temperature from degrees Fahrenheit to degrees Celsius one uses the formula

°C = 5(°F - 32)
9

What is the inverse of this function?

2. What is the inverse of the demand function = 1,200 - 0.5P?

3. The total revenue (TR) that a monopoly receives from selling different levels of output (q) is given by the function TR = 60q -4q2 for 0 ≤ q ≤ 15. Explain why one cannot derive the inverse function q = f(TR).

Reference no: EM131481770

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