4. Suppose a market has the following supply and demand equations: QD = 380 - 10P and Q = 80 + 5P. If the goveosment imposes a specific tax t on the producers, find the value of tax t that maximizes the tax revenuv "

4. Suppose a market has the following supply and demand equations: QD = 380 - 10P and Q = 80 + 5P. If the goveosment imposes a specific tax t on the producers, find the value of tax t that maximizes the tax revenuv "

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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Question

4. Suppose a market has the following supply and demand equations: QD = 380 - 10P and Q = 80 + 5P. If
the goveosment imposes a specific tax t on the producers, find the value of tax t that maximizes the tax
revenue

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