Find the tax per unit t that will maximize the tax revenue t

Reference no: EM131798673

Suppose the demand and supply functions for a product are p = 1100 - 5q and p = 20 + 0.4q, respectively, where p is in dollars and q is the number of units.

Find the tax per unit t that will maximize the tax revenue T = tq.

Reference no: EM131798673

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