Question: If the daily demand for a product is given by the function p + q = 1000 and the daily supply before taxation is p
If the daily demand for a product is given by the function p + q = 1000 and the daily supply before taxation is p = q2/30 + 2.5q + 920, find the tax per item that maximizes tax revenue. Find the tax revenue.
p is the price per unit in dollars and q is the number of units.
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