If the demand and supply functions for a product are p = 2100 - 3q and p

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If the demand and supply functions for a product are p = 2100 - 3q and p = 300 + 1.5q, 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.

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Mathematical Applications for the Management Life and Social Sciences

ISBN: 978-1305108042

11th edition

Authors: Ronald J. Harshbarger, James J. Reynolds

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Question Posted: Feb 09, 2018 07:09 AM

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If the demand and supply functions for a product are p = 2100 - 3q and p

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After taxation the supply function is p 300 15...View the full answer

Mathematical Applications for the Management Life and Social Sciences

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