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# How the river can be preserved?

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## Related Questions

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###### Asked in Economics, Inflation

### Who introduced inverse demand function in economics?

Suppose the state is trying to decide how many miles of a very
scenic river it should preserve. There are 100 people in the
community, each of whom has an identical inverse demand function
given by P = 10-1.0q, where q is the number of miles preserved and
P is the per mile price he or she is willing to pay for q miles of
preserved river. If the marginal cost of preservation is $500 per
mile, how many miles would be preserved in an efficient
allocation?