Suppose the supply and demand functions for a product are respectively, where p is in dollars and
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Find the tax t that maximizes the tax revenue T, and find the maximum tax revenue
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5000 p= 40 + 20g and p= q+1
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After taxation the supply function is p 40 20q t Se...View the full answer
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Related Book For
Mathematical Applications for the Management Life and Social Sciences
ISBN: 978-1305108042
11th edition
Authors: Ronald J. Harshbarger, James J. Reynolds
Question Posted:
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