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

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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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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