Question: Please include any formulas or explanations to solve Effects of a Specific Tax - Example Given Information: 1. R(Q) = (6- 2) . Q; MR(Q)

Please include any formulas or explanations to solve

Please include any formulas or explanations to
Effects of a Specific Tax - Example Given Information: 1. R(Q) = (6- 2) . Q; MR(Q) = 6 -20 . Notice that P(Q) = 6 - Q is the inverse demand curve 2. C(Q) = Q2/2 ; MC(Q) = Q 3. Specific tax t = 3 Questions: 1. What is the firm's profit? ( 2. What is the firm's marginal profit? ( 3. What is the firm's profit-maximizing quantity? ( =?) 4. What price does the monopoly charge

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