Suppose TC = 3Q and Q = 576/P2: a. Solve for the P-Q t
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Suppose TC = 3Q and Q = 576/P2: a. Solve for the P-Q that maximizes profits. b. Assume a tax of $3/unit is imposed. So
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Suppose TC = 3Q and Q = 576/P2: a. Solve for the P-Q that maximizes profits. b. Assume a tax of $3/unit is imposed. Solve for the P-Q that maximizes profits. c. Determine the consumer burden of the tax? Explain.
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