Soft drink producer's operation in each week produces q liters of mineral water at a cost of aq) = 2000 + 5q+ 0.001q dollars, selling its output at $15 a liter. The government decides to levy a tax of r dollars a liter on the producer's output, knowing that the producer will adjust the output to maximize its profit with respect to changed situations. . What is the government's maximum tax revenue T= rq , and at what tax rate is achieved (? p. b) Investigate the relationship between producer's maximum profit change and tax ? . C) discuss the situation. %3D

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Q: Given the following information QD = 240 – 5P QS = P where QD is the quantity demanded, QS is the…

A: ANS QD=240-5P QS=P At equilibrium QD=QS ∴240-5P=P ⇒6P=240 ⇒P=2406=40 Therefore, the equilibrium…

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A: Answer to the question is as follows :

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Q: Given: Qd = 240 - 5P Qs = P Where Qd is the quantity demanded, Qs is the quantity supplied and P…

A: Given,   Qd = 240 - 5P  Qs = P  Tax on supplier = $12 per unit

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Q: Each of the 10 firms in a competitive market has a before-tax cost function of C=25 +g. The market…

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