If the pre-tax cost function for John’s Shoe Repair is C(q) = 100 + 10q – q2 + 1/3q3, and it faces a specific tax of t = 10, what condition determines the profit-maximizing output if the market price is p?Can you solve for a single, profit-maximizing q in terms of p?
If the pre-tax cost function for John’s Shoe Repair is C(q) = 100 + 10q – q2 + 1/3q3, and it faces a specific tax of t = 10, what condition”
by | Mar 12, 2022 | Uncategorized
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