If the demand and supply functions for a product are p = 800 - 2q and p

Question:

If the demand and supply functions for a product are p = 800 - 2q and p = 100 + 0.5q, respectively, find the tax per unit t that will maximize the tax revenue T.
p is the price per unit in dollars and q is the number of units.
Fantastic news! We've Found the answer you've been seeking!

Step by Step Answer:

Related Book For  book-img-for-question
Question Posted: