Discuss the product of two sub-functions

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Reference no: EM131482342

Question: 1. In a perfectly competitive market the demand schedule is p = 600 - 4q0.5 and the supply schedule is p = 30 + 6q0.5. What level of a per-unit tax levied on the good sold in this market will maximize the government's tax yield?

2. Make up your own function involving the product of two sub-functions and then differentiate it using the product rule.

Reference no: EM131482342

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