Question: 1. 1 The monthly demand function is po = 26,000,000 - and the supply function 3 before taxation is ps = 1,000,000 + 3,750q, where

 1. 1 The monthly demand function is po = 26,000,000 -

1. 1 The monthly demand function is po = 26,000,000 - and the supply function 3 before taxation is ps = 1,000,000 + 3,750q, where q is in millions and p is in dollars. a. b. . What tax per item will maximize the total tax revenue? What is the maximum revenue from the tax? How many items will have to be sold to get the maximum revenue from the tax? c. d. ! 1. 1 The monthly demand function is po = 26,000,000 - and the supply function 3 before taxation is ps = 1,000,000 + 3,750q, where q is in millions and p is in dollars. a. b. . What tax per item will maximize the total tax revenue? What is the maximum revenue from the tax? How many items will have to be sold to get the maximum revenue from the tax? c. d

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