Should I first determine y?

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A monopoly firm has
Demand: P = 20 − 2y
Cost: C = y2 + 5y
Tax by t per unit output imposed.
Find
(a) Equilibrium price and quantity and show that the production quantity is decreasing over t.
(b) Maximum tax revenue and the value of tax to be imposed.

What I have tried:

Tried way too many methods but none of it make sense

Posted 21-Mar-18 21:07pm

Member 13740252

Updated 22-Mar-18 1:45am

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Richard MacCutchan 22-Mar-18 4:58am

"but none of it make sense"
Sad, but true.

[no name] 22-Mar-18 11:08am

Have a look here and here (found by simply googling for your question):
Sample Chapter 3: Essential Mathematics for Economics and Business 4e by John Wiley and Sons - issuu[^]
and [^]

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OriginalGriff · Answer 1 · 2018-03-21T21:26:00

We do not do your homework: it is set for a reason. It is there so that you think about what you have been told, and try to understand it. It is also there so that your tutor can identify areas where you are weak, and focus more attention on remedial action. And this has nothing at all to do with software development.

Try it yourself, you may find it is not as difficult as you think! If you do not understand the question, then you need to talk to your tutor and get him to point you in the right direction.

Patrice T · Answer 2 · 2018-03-22T01:46:00

Quote:
Tried way too many methods but none of it make sense

The whole thing make no sense!
First of all this is out of topic: this thing is about mathematics, but this site is about programming.
If this is your assignment, you should have a talk with your teacher, because it make no sense.

Quote:
Tried way too many methods

This is not informative either.

We just can't help you on this.

Should I first determine y?

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