Question: Suppose the weekly demand for a product is given by p + 2q = 840 and the weekly supply before taxation is given by p

Suppose the weekly demand for a product is given by p + 2q = 840 and the weekly supply before taxation is given by p = 0.02q2 + 0.55q + 7.4. Find the tax per item that produces maximum tax revenue. Find the tax revenue.
p is the price per unit in dollars and q is the number of units.

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After taxation the supply function is p 002q 2 055q 74 t Then 0... View full answer

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