n this problem, p is the price per unit in dollars and q is the number of units. If the weekly demand function is p = 200 − 2q2 and the supply function before taxation is p = 20 + 3q, what tax per item will maximize the total tax revenue? $

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

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Differential Equations

Have you ever observed the movement of the satellites and rockets or how the planets go around the sun in their orbits? How will you determine their motion? Definitely they follow some scientific laws and these kinds of problems are framed as differential equations.