Explanation Given information: The producers of the item react by raising the price to p dollars per item to consumers, which reduces the quantity of items sold to q thousand. p = 50 + 0.2 T q = 10 − T Formula used: The revenue is given by R = q . p , where q is the quantity and p is the price of the product. Calculation: p = 50 + 0.2 T q = 10 − T The revenue is given by R = q . p R = ( 10 − T ) ( 50 + 0 To determine (b) To calculate: The maximum tax revenue. To determine (c) To calculate: The producer’s revenue after taxes with the tax that maximizes the tax revenue. To determine (d) To calculate: The producer’s revenue with no tax.

6th Edition

ISBN: 9781119399322

Author: Hughes-Hallett

Publisher: WILEY

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Question

Chapter 4.4, Problem 33P

To determine

(a)

To calculate:

The tax that maximizes the tax revenue collected by the government.

To determine

(b)

To calculate:

The maximum tax revenue.

To determine

(c)

To calculate:

The producer’s revenue after taxes with the tax that maximizes the tax revenue.

To determine

(d)

To calculate:

The producer’s revenue with no tax.

Expert Solution & Answer

Chapter 4 Solutions

APPLIED CALCULUS (WILEY PLUS)

Ch. 4.1 - Prob. 1P Ch. 4.1 - Prob. 2P Ch. 4.1 - Prob. 3P Ch. 4.1 - Prob. 4P Ch. 4.1 - Prob. 5P Ch. 4.1 - Prob. 6P Ch. 4.1 - Prob. 7P Ch. 4.1 - Prob. 8P Ch. 4.1 - Prob. 9P Ch. 4.1 - Prob. 10P

Ch. 4.1 - Prob. 11P Ch. 4.1 - Prob. 12P Ch. 4.1 - Prob. 13P Ch. 4.1 - Prob. 14P Ch. 4.1 - Prob. 15P Ch. 4.1 - Prob. 16P Ch. 4.1 - Prob. 17P Ch. 4.1 - Prob. 18P Ch. 4.1 - Prob. 19P Ch. 4.1 - Prob. 20P Ch. 4.1 - Prob. 21P Ch. 4.1 - Prob. 22P Ch. 4.1 - Prob. 23P Ch. 4.1 - Prob. 24P Ch. 4.1 - Prob. 25P Ch. 4.1 - Prob. 26P Ch. 4.1 - Prob. 27P Ch. 4.1 - Prob. 28P Ch. 4.1 - Prob. 29P Ch. 4.1 - Prob. 30P Ch. 4.1 - Prob. 31P Ch. 4.1 - Prob. 32P Ch. 4.1 - Prob. 33P Ch. 4.1 - Prob. 34P Ch. 4.1 - Prob. 35P Ch. 4.1 - Prob. 36P Ch. 4.1 - Prob. 37P Ch. 4.1 - Prob. 38P Ch. 4.1 - Prob. 39P Ch. 4.1 - Prob. 40P Ch. 4.1 - Prob. 41P Ch. 4.1 - Prob. 42P Ch. 4.1 - Prob. 43P Ch. 4.1 - Prob. 44P Ch. 4.1 - Prob. 45P Ch. 4.1 - Prob. 46P Ch. 4.1 - Prob. 47P Ch. 4.1 - Prob. 48P Ch. 4.1 - Prob. 49P Ch. 4.1 - Prob. 50P Ch. 4.1 - Prob. 51P Ch. 4.1 - Prob. 52P Ch. 4.1 - Prob. 53P Ch. 4.1 - Prob. 54P Ch. 4.1 - Prob. 55P Ch. 4.1 - Prob. 56P Ch. 4.1 - Prob. 57P Ch. 4.1 - Prob. 58P Ch. 4.2 - Prob. 1P Ch. 4.2 - Prob. 2P Ch. 4.2 - Prob. 3P Ch. 4.2 - Prob. 4P Ch. 4.2 - Prob. 5P Ch. 4.2 - Prob. 6P Ch. 4.2 - Prob. 7P Ch. 4.2 - Prob. 8P Ch. 4.2 - Prob. 9P Ch. 4.2 - Prob. 10P Ch. 4.2 - Prob. 11P Ch. 4.2 - Prob. 12P Ch. 4.2 - Prob. 13P Ch. 4.2 - Prob. 14P Ch. 4.2 - Prob. 15P Ch. 4.2 - Prob. 16P Ch. 4.2 - Prob. 17P Ch. 4.2 - Prob. 18P Ch. 4.2 - Prob. 19P Ch. 4.2 - Prob. 20P Ch. 4.2 - Prob. 21P Ch. 4.2 - Prob. 22P Ch. 4.2 - Prob. 23P Ch. 4.2 - Prob. 24P Ch. 4.2 - Prob. 25P Ch. 4.2 - Prob. 26P Ch. 4.2 - Prob. 27P Ch. 4.2 - Prob. 28P Ch. 4.2 - Prob. 29P Ch. 4.2 - Prob. 30P Ch. 4.2 - Prob. 31P Ch. 4.2 - Prob. 32P Ch. 4.2 - Prob. 33P Ch. 4.2 - Prob. 34P Ch. 4.2 - Prob. 35P Ch. 4.2 - Prob. 36P Ch. 4.2 - Prob. 37P Ch. 4.2 - Prob. 38P Ch. 4.2 - Prob. 39P Ch. 4.2 - Prob. 40P Ch. 4.2 - Prob. 41P Ch. 4.3 - Prob. 1P Ch. 4.3 - Prob. 2P Ch. 4.3 - Prob. 3P Ch. 4.3 - Prob. 4P Ch. 4.3 - Prob. 5P Ch. 4.3 - Prob. 6P Ch. 4.3 - Prob. 7P Ch. 4.3 - Prob. 8P Ch. 4.3 - Prob. 9P Ch. 4.3 - Prob. 10P Ch. 4.3 - Prob. 11P Ch. 4.3 - Prob. 12P Ch. 4.3 - Prob. 13P Ch. 4.3 - Prob. 14P Ch. 4.3 - Prob. 15P Ch. 4.3 - Prob. 16P Ch. 4.3 - Prob. 17P Ch. 4.3 - Prob. 18P Ch. 4.3 - Prob. 19P Ch. 4.3 - Prob. 20P Ch. 4.3 - Prob. 21P Ch. 4.3 - Prob. 22P Ch. 4.3 - Prob. 23P Ch. 4.3 - Prob. 24P Ch. 4.3 - Prob. 25P Ch. 4.3 - Prob. 26P Ch. 4.3 - Prob. 27P Ch. 4.3 - Prob. 28P Ch. 4.3 - Prob. 29P Ch. 4.3 - Prob. 30P Ch. 4.3 - Prob. 31P Ch. 4.3 - Prob. 32P Ch. 4.3 - Prob. 33P Ch. 4.3 - Prob. 34P Ch. 4.3 - Prob. 35P Ch. 4.3 - Prob. 36P Ch. 4.3 - Prob. 37P Ch. 4.3 - Prob. 38P Ch. 4.3 - Prob. 39P Ch. 4.3 - Prob. 40P Ch. 4.3 - Prob. 41P Ch. 4.3 - Prob. 42P Ch. 4.3 - Prob. 43P Ch. 4.3 - Prob. 44P Ch. 4.3 - Prob. 45P Ch. 4.3 - Prob. 46P Ch. 4.3 - Prob. 47P Ch. 4.3 - Prob. 48P Ch. 4.3 - Prob. 49P Ch. 4.3 - Prob. 50P Ch. 4.3 - Prob. 51P Ch. 4.3 - Prob. 52P Ch. 4.3 - Prob. 53P Ch. 4.3 - Prob. 54P Ch. 4.3 - Prob. 55P Ch. 4.3 - Prob. 56P Ch. 4.3 - Prob. 57P Ch. 4.3 - Prob. 58P Ch. 4.3 - Prob. 59P Ch. 4.3 - Prob. 60P Ch. 4.4 - Prob. 1P Ch. 4.4 - Prob. 2P Ch. 4.4 - Prob. 3P Ch. 4.4 - Prob. 4P Ch. 4.4 - Prob. 5P Ch. 4.4 - Prob. 6P Ch. 4.4 - Prob. 7P Ch. 4.4 - Prob. 8P Ch. 4.4 - Prob. 9P Ch. 4.4 - Prob. 10P Ch. 4.4 - Prob. 11P Ch. 4.4 - Prob. 12P Ch. 4.4 - Prob. 13P Ch. 4.4 - Prob. 14P Ch. 4.4 - Prob. 15P Ch. 4.4 - Prob. 16P Ch. 4.4 - Prob. 17P Ch. 4.4 - Prob. 18P Ch. 4.4 - Prob. 19P Ch. 4.4 - Prob. 20P Ch. 4.4 - Prob. 21P Ch. 4.4 - Prob. 22P Ch. 4.4 - Prob. 23P Ch. 4.4 - Prob. 24P Ch. 4.4 - Prob. 25P Ch. 4.4 - Prob. 26P Ch. 4.4 - Prob. 27P Ch. 4.4 - Prob. 28P Ch. 4.4 - Prob. 29P Ch. 4.4 - Prob. 30P Ch. 4.4 - Prob. 31P Ch. 4.4 - Prob. 32P Ch. 4.4 - Prob. 33P Ch. 4.4 - Prob. 34P Ch. 4.4 - Prob. 35P Ch. 4.5 - Prob. 1P Ch. 4.5 - Prob. 2P Ch. 4.5 - Prob. 3P Ch. 4.5 - Prob. 4P Ch. 4.5 - Prob. 5P Ch. 4.5 - Prob. 6P Ch. 4.5 - Prob. 7P Ch. 4.5 - Prob. 8P Ch. 4.5 - Prob. 9P Ch. 4.5 - Prob. 10P Ch. 4.5 - Prob. 11P Ch. 4.5 - Prob. 12P Ch. 4.5 - Prob. 13P Ch. 4.5 - Prob. 14P Ch. 4.5 - Prob. 15P Ch. 4.5 - Prob. 16P Ch. 4.5 - Prob. 17P Ch. 4.6 - Prob. 1P Ch. 4.6 - Prob. 2P Ch. 4.6 - Prob. 3P Ch. 4.6 - Prob. 4P Ch. 4.6 - Prob. 5P Ch. 4.6 - Prob. 6P Ch. 4.6 - Prob. 7P Ch. 4.6 - Prob. 8P Ch. 4.6 - Prob. 9P Ch. 4.6 - Prob. 10P Ch. 4.6 - Prob. 11P Ch. 4.6 - Prob. 12P Ch. 4.6 - Prob. 13P Ch. 4.6 - Prob. 14P Ch. 4.6 - Prob. 15P Ch. 4.6 - Prob. 16P Ch. 4.6 - Prob. 17P Ch. 4.6 - Prob. 18P Ch. 4.6 - Prob. 19P Ch. 4.6 - Prob. 20P Ch. 4.6 - Prob. 21P Ch. 4.6 - Prob. 22P Ch. 4.6 - Prob. 23P Ch. 4.6 - Prob. 24P Ch. 4.6 - Prob. 25P Ch. 4.6 - Prob. 26P Ch. 4.6 - Prob. 27P Ch. 4.6 - Prob. 28P Ch. 4.6 - Prob. 29P Ch. 4.6 - Prob. 30P Ch. 4.6 - Prob. 31P Ch. 4.7 - Prob. 1P Ch. 4.7 - Prob. 2P Ch. 4.7 - Prob. 3P Ch. 4.7 - Prob. 4P Ch. 4.7 - Prob. 5P Ch. 4.7 - Prob. 6P Ch. 4.7 - Prob. 7P Ch. 4.7 - Prob. 8P Ch. 4.7 - Prob. 9P Ch. 4.7 - Prob. 10P Ch. 4.7 - Prob. 11P Ch. 4.7 - Prob. 12P Ch. 4.7 - Prob. 13P Ch. 4.7 - Prob. 14P Ch. 4.7 - Prob. 15P Ch. 4.7 - Prob. 16P Ch. 4.7 - Prob. 17P Ch. 4.7 - Prob. 18P Ch. 4.7 - Prob. 19P Ch. 4.7 - Prob. 20P Ch. 4.7 - Prob. 21P Ch. 4.7 - Prob. 22P Ch. 4.7 - Prob. 23P Ch. 4.7 - Prob. 24P Ch. 4.8 - Prob. 1P Ch. 4.8 - Prob. 2P Ch. 4.8 - Prob. 3P Ch. 4.8 - Prob. 4P Ch. 4.8 - Prob. 5P Ch. 4.8 - Prob. 6P Ch. 4.8 - Prob. 7P Ch. 4.8 - Prob. 8P Ch. 4.8 - Prob. 9P Ch. 4.8 - Prob. 10P Ch. 4.8 - Prob. 11P Ch. 4.8 - Prob. 12P Ch. 4.8 - Prob. 13P Ch. 4 - Prob. 1SYU Ch. 4 - Prob. 2SYU Ch. 4 - Prob. 3SYU Ch. 4 - Prob. 4SYU Ch. 4 - Prob. 5SYU Ch. 4 - Prob. 6SYU Ch. 4 - Prob. 7SYU Ch. 4 - Prob. 8SYU Ch. 4 - Prob. 9SYU Ch. 4 - Prob. 10SYU Ch. 4 - Prob. 11SYU Ch. 4 - Prob. 12SYU Ch. 4 - Prob. 13SYU Ch. 4 - Prob. 14SYU Ch. 4 - Prob. 15SYU Ch. 4 - Prob. 16SYU Ch. 4 - Prob. 17SYU Ch. 4 - Prob. 18SYU Ch. 4 - Prob. 19SYU Ch. 4 - Prob. 20SYU Ch. 4 - Prob. 21SYU Ch. 4 - Prob. 22SYU Ch. 4 - Prob. 23SYU Ch. 4 - Prob. 24SYU Ch. 4 - Prob. 25SYU Ch. 4 - Prob. 26SYU Ch. 4 - Prob. 27SYU Ch. 4 - Prob. 28SYU Ch. 4 - Prob. 29SYU Ch. 4 - Prob. 30SYU Ch. 4 - Prob. 31SYU Ch. 4 - Prob. 32SYU Ch. 4 - Prob. 33SYU Ch. 4 - Prob. 34SYU Ch. 4 - Prob. 35SYU Ch. 4 - Prob. 36SYU Ch. 4 - Prob. 37SYU Ch. 4 - Prob. 38SYU Ch. 4 - Prob. 39SYU Ch. 4 - Prob. 40SYU Ch. 4 - Prob. 41SYU Ch. 4 - Prob. 42SYU Ch. 4 - Prob. 43SYU Ch. 4 - Prob. 44SYU Ch. 4 - Prob. 45SYU Ch. 4 - Prob. 46SYU Ch. 4 - Prob. 47SYU Ch. 4 - Prob. 48SYU Ch. 4 - Prob. 49SYU Ch. 4 - Prob. 50SYU Ch. 4 - Prob. 51SYU Ch. 4 - Prob. 52SYU Ch. 4 - Prob. 53SYU Ch. 4 - Prob. 54SYU Ch. 4 - Prob. 55SYU Ch. 4 - Prob. 56SYU Ch. 4 - Prob. 57SYU Ch. 4 - Prob. 58SYU Ch. 4 - Prob. 59SYU Ch. 4 - Prob. 60SYU Ch. 4 - Prob. 61SYU Ch. 4 - Prob. 62SYU Ch. 4 - Prob. 63SYU Ch. 4 - Prob. 64SYU Ch. 4 - Prob. 65SYU Ch. 4 - Prob. 66SYU Ch. 4 - Prob. 67SYU Ch. 4 - Prob. 68SYU Ch. 4 - Prob. 69SYU Ch. 4 - Prob. 70SYU Ch. 4 - Prob. 71SYU Ch. 4 - Prob. 72SYU Ch. 4 - Prob. 73SYU Ch. 4 - Prob. 74SYU Ch. 4 - Prob. 75SYU Ch. 4 - Prob. 76SYU Ch. 4 - Prob. 77SYU Ch. 4 - Prob. 78SYU Ch. 4 - Prob. 79SYU Ch. 4 - Prob. 80SYU

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(a) To calculate: The tax that maximizes the tax revenue collected by the government.

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(a) To calculate: The tax that maximizes the tax revenue collected by the government.

(b) To calculate: The maximum tax revenue.

(c) To calculate: The producer’s revenue after taxes with the tax that maximizes the tax revenue.

(d) To calculate: The producer’s revenue with no tax.

Chapter 4 Solutions

(a)

To calculate:

The tax that maximizes the tax revenue collected by the government.

(b)

To calculate:

The maximum tax revenue.

(c)

To calculate:

The producer’s revenue after taxes with the tax that maximizes the tax revenue.

(d)

To calculate:

The producer’s revenue with no tax.