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 = 82 − q and the supply function before taxation is p = 12 + 4q, 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 = 82 − q and the supply function before taxation is p = 12 + 4q, what tax per item will maximize the total revenue? $ /item
Algebra for College Students
10th Edition
ISBN:9781285195780
Author:Jerome E. Kaufmann, Karen L. Schwitters
Publisher:Jerome E. Kaufmann, Karen L. Schwitters
Chapter8: Functions
Section8.CR: Review Problem Set
Problem 50CR
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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 = 82 − q
and the supply function before taxation is
p = 12 + 4q,
what tax per item will maximize the total revenue?
$ /item
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