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 = 26 - q and the supply function before taxation is p = 16 + 4g, what tax per item will maximize the total revenue? $ ] /item

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 = 26 - q and the supply function before taxation is p = 16 + 4g, what tax per item will maximize the total revenue? $ ] /item

Economics (MindTap Course List)

13th Edition

ISBN:9781337617383

Author:Roger A. Arnold

Publisher:Roger A. Arnold

Chapter11: Fiscal Policy And The Federal Budget

Section: Chapter Questions

Problem 7QP

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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 = 26 - q and the supply function before taxation is p = 16 + 4g, what tax per item will maximize the total revenue?
$
/item

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