Question

If the pre-tax cost function for John's Shoe Repair is C@)-100 20-2 +0.333q $20, what is the profit-maimizing condition if the market price is p? Can you solve for a single, profit-maximizing q in terms of p? and it faces a specific tax of The profit-maximizing quantity in terms of p is q-Properly furnat your expression using the tools in the palette Hover over tools to see keyboard shortcuts Eg, a taction can be created with the /character)

Answer 1

(19) = 100 + 209-22+0.33393 (Pre tax J 2 specific tox Market I = 2 = 08 p Solell for prostit maximizing qub) ?? specific tax or per unit tax o zofson't profit - Total revenue - Totaal lost Let Hotel quantity Sold @ chenket bonce p is en i total revenue - p. g* - % snel total cost of author = loo_+209* q*2 +0.3339 profit r t = p.q* - (100 + 209* q* + 0.33394) To maximize profit T * first onder condition d e dq* p - 20 +29.* – 3X0:3337* 1294 20tb = 0 -291-+2020 * = 2 + 24-4(20-6) - 2 = + 1-2014 11 a In p-19

Hola a nul 2.4 In total cost at q = 100 + 209+ - q2 + 0.333ghs profit T" - pigt - (100 + 209_q42 + 0.32394) To maximize profit T first onder condition Wiad 1d p-20 + 29 * - 30.333 q* -o - 9* 729* - rotþ = 0 29* -p+20 = g* = 2 + 24-4(20-6) 2 tat-20th -do-ig second onder Condition - do q' - T- Jp-19 29* -z co at et for profit mox Agwer