If the demand function for a fixed period of time is given by p=2800-8q-q^2/3 (that is q^2 over 3) and the supply function before taxation is p=400+2q , determine the tax per item that will maximize the total tax revenue.Give answer rounded off to the nearest pennny. The tax per item that will maximize the total tax revenue is_______?
This question was answered on: May 23, 2022
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