December 13th, 2008, 11:53 PM
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| Newbie | | Join Date: Dec 2008 Location: X'mas Island
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 Business Calculus - Need help! :(
I've no idea is it the right section to post this,
But I had some problems dealing with this problem.
Total costs
Market price
Tax (per unit produced)
Find:
1. Quantity to produce to maximise profits
2. What should t be, so as to maximise tax revenue?
* * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * *
What I've done:
I derived the profit function as:
Then, I differentiate the profit function:
Then I'm stuck cos' I can't find x.
Last edited by geekie; December 15th, 2008 at 06:30 PM.
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