(Advanced Analysis)Answer the Question on the Basis of the Following

question 46

Multiple Choice

(Advanced analysis) Answer the question on the basis of the following information: The equations for the demand and supply curves for a particular product are P = 10 - .4Q and P = 2 + .4Q,where P is price and Q is quantity expressed in units of 100.After an excise tax is imposed on the product,the supply equation is P = 3 + .4Q. Refer to the given information.Government's revenue from this tax is:

• A) $750.
• B) $1,500.
• C) $875.
• D) $800.

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Definitions:

Large Molecules

Molecules that have a significantly high molecular weight, often related to polymers or biological macromolecules like proteins and DNA.

R&D Lab Organization

The structural and operational setup of a research and development laboratory, focusing on innovation, product development, and scientific research.

Biologicals

Pharmaceuticals derived from biological sources.

Prescott Pharmaceuticals

Prescott Pharmaceuticals is a hypothetical or fictional company often used in various scenarios or studies. Without context, its specific characteristics can't be precisely defined.