If the demand function for a fixed period of time is given by p = 38 -

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If the demand function for a fixed period of time is given by p = 38 - 2q and the supply function before taxation is p = 8 + 3q, what tax per item will maximize the total tax revenue?
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 07:08 AM

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If the demand function for a fixed period of time is given by p = 38 -

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After taxation the supply function is p 8 3...View the full answer

Mathematical Applications for the Management Life and Social Sciences

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