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. $ 47610 X /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. $ 47610 X /item
Functions and Change: A Modeling Approach to College Algebra (MindTap Course List)
6th Edition
ISBN:9781337111348
Author:Bruce Crauder, Benny Evans, Alan Noell
Publisher:Bruce Crauder, Benny Evans, Alan Noell
Chapter1: Functions
Section1.4: Functions Given By Words
Problem 13E
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