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The supply of robotic welding machines is given by Qs= 5P-600. The government has levied a $154 per unit tax on the suppliers
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Answer #1

Answer

converting the supply function to inverse supply to add the tax

Q=5P-600

5P=Q+600

P=0.2Q+120

adding tax

P=0.2Q+120+154

P=0.2Q+274

converting back

0.2Q=P-274

Q=5P-1370

the amount in the blank is -1370

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