Question
In this problem, p is the price per unit in dollars and q is the number of units. If the demand and supply functions of
In this problem,pis the price per unit in dollars andqis the number of units.
If the demand and supply functions of a product arep=350035q0.7q2andp= 500 + 10q+ 0.3q2,
respectively, find the tax per unittthat will maximize the tax revenueT.
t= $ /item
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Elementary Statisitcs
Authors: Barry Monk
2nd edition
1259345297, 978-0077836351, 77836359, 978-1259295911, 1259295915, 978-1259292484, 1259292487, 978-1259345296
