Find the tax per item that produces maximum tax revenue

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Reference no: EM132445612

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: EM132445612

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