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    Question

    A monopoly firm has the following demand and cost

    function Q = 50-P Total Cost = 20 + 2Q + 3Q2 Government imposes an excise tax @Rs.5 per unit. What is the difference in the price before and after the tax is implemented
    A 1.125 Correct Answer Incorrect Answer
    B 44.625 Correct Answer Incorrect Answer
    C 45.750 Correct Answer Incorrect Answer
    D 0.625 Correct Answer Incorrect Answer

    Solution

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