Solution-Find the tax per item that produces maximum tax

Find the tax per item that produces maximum tax revenue

Reference no: EM131131842

In this problem, p is the price per unit in dollars and q is the number of units.

Suppose the weekly demand for a product is given by p + 2q = 840 and the weekly supply before taxation is given by p = 0.02q2 + 0.55q + 7.4.

Find the tax per item that produces maximum tax revenue. (Round your answer to the nearest cent.)

Find the tax revenue. (Round your answer to the nearest whole dollar.)

Reference no: EM131131842

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Find the tax per item that produces maximum tax revenue

Reference no: EM131131842

Reference no: EM131131842

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