In this problem, p is the price per unit in dollars and g is the number of units. If the weekly demand function is p = 200 - 2g and the supply function before taxation is p = 20 + 3g, what tax per item will maximize the total tax revenu 24 /item

Q: The demand equation for a certain product is p = 6 - 1/2x thousand dollars. Find the level of…

A: We have, demand function given as px=6-12x We know that, If x units of a product are sold at a price…

Q: following P and Q combination. (0,25),(1,20),(2,15),(3,10),(4,5) and using the equation of a line,…

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Q: A peanut vendor has initial start up costs of $3500 and variable costs of $0.70 per bag of peanuts.…

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Q: Holding costs are 35 MU/unit/year. The ordering cost is 120 MU/order and sales are relatively…

A: Given,Annual carrying cost per unit = 35 MU/unit/yearAnnual usage = 400 ×12 =4800Setup cost = 120…

Q: For a manufacturer's product, the demand function is p = 240 + 57q - q² At what level of output…

A: Let the demand function is p=240+57q-q2   To determine: The value of q at which the revenue function…

Q: How much variation in the level of sales can be accounted for by the level of costs?

A: Coefficient of determination is denoted by r2 and it explains how much % of variation in the…

Q: The revenue function of a company that sells its product at a fixed price of OMR 220 per unit and…

A: Solution

Q: Suppose demand is given by p = 1600 − x. Find the maximum revenue.

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Q: A company is planning to manufacture mountain bikes. Fixed monthly cost will be $300,000 and it will…

A: Number of mountain bikes are x The variable cost of producing  each  mountain  bike is $ 200. So,…