P Is the Price Per Unit in Dollars and Q

question 40

Multiple Choice

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