Question: If the monthly demand function is p = 7230 - 5q2 and the supply function before taxation is p3030q2, what tax per item will maximize

If the monthly demand function is p = 7230 - 5q2 and the supply function before taxation is p3030q2, what tax per item will maximize the total revenue?
p is the price per unit in dollars and q is the number of units.

Step by Step Solution

★★★★★

3.40 Rating (163 Votes )

There are 3 Steps involved in it

1 Expert Approved Answer

Step: 1 Unlock

After taxation the supply function is p 30 30q 2 ... View full answer

Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock

Step: 3 Unlock

Document Format (1 attachment)

1386-M-C-L-A-D(4320).docx

120 KBs Word File

Students Have Also Explored These Related Calculus Questions!

The monthly demand function for x units of a product sold by a monopoly is p=8000-x dollars, and its average cost is C=4000+5x dollars. (a) Determine the quantity that will maximize profit. (b)...

The monthly demand function for a product sold by a monopoly is p=1960-1/3 x2 dollars, and the average cost is C1000+2x+x2 dollars. Production is limited to 1000 units and x is in hundreds of units....

The monthly demand function for x units of a product sold by a monopoly is p=5900-1/2 x2 dollars, and its average cost is C=3020+2x dollars. If production is limited to 100 units, find the number of...

1. If the monthly demand function is p = 7230 - 5q2 and the supply function before taxation is p = 30 + 30q2, what tax per item will maximize the total tax revenue? 2. For the following demand...

2. p is the price per unit in dollars and q is the number of units. The monthly demand function is = 1.1702o and the supply function before taxation is p=40+409". Find what tax per item will maximize...

PUESTION 12 3 4 5 6 7 8 9 10 Assignment Submission & Scoring Assignment Submission For this assignmerit, you submit answers by question parts. The number of submissions remaining for each question...

#10 Please display your answer in bold text. In this problem, p is the price per unit in dollars and q is the number of units. If the weekly demand function is p = 128 2q2 and the supply function...

In this problem, p is the price per unit in dollars and q is the number of units. If the weekly demand function is p - 128 - 24 and the supply function before taxation is p - 20 + 9q, what tax per...

In Problem, p is the price per unit in dollars and q is the number of units. If the weekly demand function is p = 30 - q and the supply function before taxation is p = 6 + 2q, what tax per item will...

Cyclobutane, C4H8, consisting of molecules in which four carbon atoms form a ring, decomposes, when heated, to give ethylene. C4H8(g) 2C2H4(g) The reaction is first order. In an experiment, the...

Consider a forward contract and a futures contract that have the same underlying asset, thesame expiration date, and the same counterparty risk. lf the correlation between the interestrate and the...

Studies have shown that when the government gets heavily involved in redistributing income to people at the bottom of the income distribution, the amount of private charity given for the same purpose...

If 1200 cm of material is available to make a box with a square base and an open top, find the largest possible volume of the box.

A rectangular storage container with an open top is to have a volume of 10 m . The length of its base is twice the width. Material for the base costs $10 per square meter. Material for the sides...

Do Exercise 12 assuming the container has a lid that is made from the same material as the sides.

Deneti, nemlilik hakkndaki n yargsn bir btn olarak mali tablolara gre deil, mali tablolarn blmlerine ayrr. Denetinin n yanll hesap bakiyelerine tahsis etmesi iin kullanlan terim nedir? Bilano...

What is the net present value of a project that has an initial cost of $40,000 and produces cash inflows of $8,000 a year for 11 years if the discount rate is 15 percent? Group of answer choices...

Metallica Bearings, Inc., is a young start-up company. No dividends will be paid on the stock over the next nine years, because the firm needs to plow back its earnings to fuel growth. The company...