The inverse demand function of chicken wings is p= 50 - 4q. The supply function of chicken wings is qp. The government levies a tax $2.5 on each unit of chicken wings sold. What is the total tax...


The inverse demand function of chicken wings is p= 50 - 4q. The supply function of<br>chicken wings is qp. The government levies a tax $2.5 on each unit of chicken wings sold.<br>What is the total tax revenue that the government collects? Round your answer to 2 decimal<br>points<br>Answer<br>23.75<br>

Extracted text: The inverse demand function of chicken wings is p= 50 - 4q. The supply function of chicken wings is qp. The government levies a tax $2.5 on each unit of chicken wings sold. What is the total tax revenue that the government collects? Round your answer to 2 decimal points Answer 23.75

Jun 08, 2022
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