Microeconomics
Microeconomics
13th Edition
ISBN: 9781337617406
Author: Roger A. Arnold
Publisher: Cengage Learning
Question
Chapter 6.4, Problem 4ST
To determine

Identify the tax conditions when the sellers can transfer the impact of tax to the buyers.

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If the pre-tax cost function for John's Shoe Repair is C(q) = 100 + 10q - q2 + (1⁄3q)2, and it faces a specific tax of = 10, what condition determines the profit-maximizing output if the market price is p? Can you solve for a single, profit-maximizing q in terms of p?
What is the price firms receive after the tax is in place
If the pre-tax cost function for John's Shoe Repair is C(q)=100+10q-q^2+1/3q^3, and it faces a specific tax of t=10, what is the profit-maximizing condition if the market price is p? Can you solve for a single, profit maximizing q in terms of p?
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