m, p is the per uniL I GOna he number of units. If the weekly demand function is p= 38 - q and the supply function before taxation is p 18 + 99, what tax per item will maximize the total revenue? X /item

m, p is the per uniL I GOna he number of units. If the weekly demand function is p= 38 - q and the supply function before taxation is p 18 + 99, what tax per item will maximize the total revenue? X /item

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

In this problem, p is the price per unit in dollars and q is the number of units.
If the weekly demand function is p = 38 - q and the supply function before taxation is p= 18 + 9g, what tax per item will maximize the total revenue?
xitem

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