In this problem, p is the price per unit in dollars and q is the number of units. If the demand and supply functions for a product are p = 790 − 2q and p = 100 + 0.5q, respectively, find the tax per unit t that will maximize the tax revenue T. $_____ /item
In this problem, p is the price per unit in dollars and q is the number of units. If the demand and supply functions for a product are p = 790 − 2q and p = 100 + 0.5q, respectively, find the tax per unit t that will maximize the tax revenue T. $_____ /item
Advanced Engineering Mathematics
10th Edition
ISBN:9780470458365
Author:Erwin Kreyszig
Publisher:Erwin Kreyszig
Chapter2: Second-order Linear Odes
Section: Chapter Questions
Problem 1RQ
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In this problem, p is the price per unit in dollars and q is the number of units. If the demand and supply functions for a product are p = 790 − 2q and p = 100 + 0.5q, respectively, find the tax per unit t that will maximize the tax revenue T.
$_____ /item
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