Monopolist faces a demand function

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A monopolist faces a demand function x = (1/2)(11-p) where p is the price of the product and x is the quantity demanded. The monopolist has a cost function 3+2x. The government impose a tax of t per unit of output. Assuming that the monopolist maximized profit, calculate the value of t that maximizes government's tax revenue.

Reference no: EM131007873

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