Economists use what is called a Leffer curve to predict the ...

[kaid0807]

Solve the problem.

Economists use what is called a Leffer curve to predict the government revenue for tax rates from 0% to 100%. Economists agree that the end points of the curve generate 0 revenue, but disagree on the tax rate that produces the maximum revenue. Suppose an economist produces this rational function
where R is revenue in millions at a tax rate of x percent. Use a graphing calculator to graph the function. What tax rate produces the maximum revenue? What is the maximum revenue?
◦ 36.6%;  $268 million
◦ 34.0%;  $271 million
◦ 35.8%;  $276 million
◦ 41.2%;  $264 million

[stillxalice]

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[OSWALD]

Solve the problem.

Economists use what is called a Leffer curve to predict the government revenue for tax rates from 0% to 100%. Economists agree that the end points of the curve generate 0 revenue, but disagree on the tax rate that produces the maximum revenue. Suppose an economist produces this rational function
where R is revenue in millions at a tax rate of x percent. Use a graphing calculator to graph the function. What tax rate produces the maximum revenue? What is the maximum revenue?
◦ 38.4%;  $383 million
◦ 27.0%;  $379 million
◦ 28.8%;  $272 million
◦ 30.9%;  $382 million

[Galvarado142]

30.9%;  $382 million

[Starlight]

Solve the problem.

Economists use what is called a Leffer curve to predict the government revenue for tax rates from 0% to 100%. Economists agree that the end points of the curve generate 0 revenue, but disagree on the tax rate that produces the maximum revenue. Suppose an economist produces this rational function
where R is revenue in millions at a tax rate of x percent. Use a graphing calculator to graph the function. What tax rate produces the maximum revenue? What is the maximum revenue?
◦ 37.5%;  $210 million
◦ 34.9%;  $207 million
◦ 35.8%;  $209 million
◦ 39.6%;  $209 million

[bob]

39.6%;  $209 million

[bobbysung]

Solve the problem.

Economists use what is called a Leffer curve to predict the government revenue for tax rates from 0% to 100%. Economists agree that the end points of the curve generate 0 revenue, but disagree on the tax rate that produces the maximum revenue. Suppose an economist produces this rational function
where R is revenue in millions at a tax rate of x percent. Use a graphing calculator to graph the function. What tax rate produces the maximum revenue? What is the maximum revenue?
◦ 28.1%;  $470 million
◦ 26.5%;  $469 million
◦ 29.7%;  $467 million
◦ 31.4%;  $464 million

[enass]

26.5%;  $469 million