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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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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