p is the price per unit in dollars and q is the number of units. If the demand and supply functions for a product are and , respectively, find the tax per unit t that will maximize the tax revenue T. Round your answer to the nearest cent.
A) $406.10 per item
B) $393.90 per item
C) $407.50 per item
D) $387.19 per item
E) $400.00 per item

Question

p is the price per unit in dollars and q is the number of units. If the demand and supply functions for a product are  and  , respectively, find the tax per unit t that will maximize the tax revenue T. Round your answer to the nearest cent.
A) $406.10 per item 
B) $393.90 per item 
C) $407.50 per item 
D) $387.19 per item 
E) $400.00 per item

Quizplus · Accepted Answer

The Answer of p is the price per unit in dollars and q is the number of units. If the demand and supply functions for a product are  and  , respectively, find the tax per unit t that will maximize the tax revenue T. Round your answer to the nearest cent.
A) $406.10 per item 
B) $393.90 per item 
C) $407.50 per item 
D) $387.19 per item 
E) $400.00 per item

P Is the Price Per Unit in Dollars and Q