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4) If the demand function for a fixed period of time is p = 2100 –...
If the monthly demand function is p = 8,500 - 6q2 and the supply function be...
If the monthly demand function is p = 8,500 - 6q2 and the supply function be taxation is p = 25+ 30q, what tax per item will maximize the total tax revenue Supply function after taxation = p= 25 + 3092 + t 25 + 3092 + t = 8500 - 697 2. For the following demand equation, p(q) = 10 - 0.22366 find the revenue equation, use calculus to find where the revenue is increasing and decreasing, sketch the...
If the demand function for a certain product is p = -69 + 350 and the...
If the demand function for a certain product is p = -69 + 350 and the supply function is p = 49 + 25, find the tax per item that will maximize the total tax revenue and find the maximum tax revenue.
2. (-/2 Points] DETAILS HARMATHAP12 11.5.015. In this problem, p is the price per unit in...
2. (-/2 Points] DETAILS HARMATHAP12 11.5.015. In this problem, p is the price per unit in dollars and is the number of units If the weekly demand function is p 52-9 and the supply function before taxation is p = 16 50, what tax per item will maximize the total revenue? $ Item Need Help? Watch Talk to a Tutor 3. [-/2 Points) DETAILS HARMATHAP12 11.5.019.MI. In this problem, p is the price per unit in dollars and is the...
6. If the demand function for a certain product is p = -69 + 350 and...
6. If the demand function for a certain product is p = -69 + 350 and the supply function is p = 40 + 25, find the tax per item that will maximize the total tax revenue and find the maximum tax revenue. Pa = -69 + 350 Ps = 4q + 25 Pa = PS -64 + 350 = 49 +25 2q = 325 q = 162.5 tax per item Maximum tax revenue = -69 + 350 = -6(162.5)...
In this problem, p is the price per unit in dollars and is the number of...
In this problem, p is the price per unit in dollars and is the number of units. If the weekly demand function is p - 116 - q and the supply function before taxation is p = 4 + 79, what tax per item will maximize the total revenu $ /item
If the demand function for a certain product is p =-6q+ 350 and the supply function...
If the demand function for a certain product is p =-6q+ 350 and the supply function is p = 4q + 25, find the tax per item that will maximize the total tax revenue and find the maximum tax revenue. 7. When price changes cause significant changes in demand, the demand is said to be for that product and if price changes cause relatively little change in demand, the demand is said to be for that product 8 If the...
2. Suppose that the demand function is D(p) = 600 - 3p and the supply function...
2. Suppose that the demand function is D(p) = 600 - 3p and the supply function is S(p) = 300 + 3p. a. Derive the equilibrium price and quantity. b. What is the change in consumer's surplus after an increase in the price of 50 dollars? c. Now suppose South Korea is exporting phone to United States and the demand function for Korean phones in the United States is the same as above (in thousands of phones), where p is...
3. (4 p.) Bill's utility function is U = c + l where c is a...
3. (4 p.) Bill's utility function is U = c + l where c is a composite good with price equal to 1 and lis leisure. He earns w per hour and owns C units of the composite good and his time endowment is T. (a) Find his reservation wage. (b) Derive Bill's demand for leisure (ordinary demand), illustrate graphically the resulting demand curve and explain its slope. (c) Assume that C = 0 and real wage rate is 3....
The total cost C for a manufacturer during a given time period is a function of...
The total cost C for a manufacturer during a given time period is a function of the number N of items produced during that period. To determine a formula for the total cost, we need to know the manufacturer's fixed costs (covering things such as plant maintenance and insurance), as well as the cost for each unit produced, which is called the variable cost. To find the total cost, we multiply the variable cost by the number of items produced...
\Assignment Week 4 Suppose a product has supply function P = 0,08Q + 50 and demand...
\Assignment Week 4 Suppose a product has supply function P = 0,08Q + 50 and demand function P = -0,07Q+ 65. According the tax law the products is subject to tax Rp1,5 per unit please answer the following questions 1. Find the equilibrium of the price (?) and units (Q) before taxed. 2. Find the equilibrium of the price (P) and units (Q) after taxed. 3. Draw the equilibrium curve before and after taxes.
If the monthly demand function is p = 8,500 - 6q2 and the supply function be taxation is p = 25+ 30q, what tax per item will maximize the total tax revenue Supply function after taxation = p= 25 + 3092 + t 25 + 3092 + t = 8500 - 697 2. For the following demand equation, p(q) = 10 - 0.22366 find the revenue equation, use calculus to find where the revenue is increasing and decreasing, sketch the...
If the demand function for a certain product is p = -69 + 350 and the supply function is p = 49 + 25, find the tax per item that will maximize the total tax revenue and find the maximum tax revenue.
2. (-/2 Points] DETAILS HARMATHAP12 11.5.015. In this problem, p is the price per unit in dollars and is the number of units If the weekly demand function is p 52-9 and the supply function before taxation is p = 16 50, what tax per item will maximize the total revenue? $ Item Need Help? Watch Talk to a Tutor 3. [-/2 Points) DETAILS HARMATHAP12 11.5.019.MI. In this problem, p is the price per unit in dollars and is the...
6. If the demand function for a certain product is p = -69 + 350 and the supply function is p = 40 + 25, find the tax per item that will maximize the total tax revenue and find the maximum tax revenue. Pa = -69 + 350 Ps = 4q + 25 Pa = PS -64 + 350 = 49 +25 2q = 325 q = 162.5 tax per item Maximum tax revenue = -69 + 350 = -6(162.5)...
In this problem, p is the price per unit in dollars and is the number of units. If the weekly demand function is p - 116 - q and the supply function before taxation is p = 4 + 79, what tax per item will maximize the total revenu $ /item
If the demand function for a certain product is p =-6q+ 350 and the supply function is p = 4q + 25, find the tax per item that will maximize the total tax revenue and find the maximum tax revenue. 7. When price changes cause significant changes in demand, the demand is said to be for that product and if price changes cause relatively little change in demand, the demand is said to be for that product 8 If the...
3. (4 p.) Bill's utility function is U = c + l where c is a composite good with price equal to 1 and lis leisure. He earns w per hour and owns C units of the composite good and his time endowment is T. (a) Find his reservation wage. (b) Derive Bill's demand for leisure (ordinary demand), illustrate graphically the resulting demand curve and explain its slope. (c) Assume that C = 0 and real wage rate is 3....
\Assignment Week 4 Suppose a product has supply function P = 0,08Q + 50 and demand function P = -0,07Q+ 65. According the tax law the products is subject to tax Rp1,5 per unit please answer the following questions 1. Find the equilibrium of the price (?) and units (Q) before taxed. 2. Find the equilibrium of the price (P) and units (Q) after taxed. 3. Draw the equilibrium curve before and after taxes.
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