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Author Question: Economists use what is called a Leffer curve to predict the government revenue for... (Read 143 times)

kaid0807

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on: Feb 28, 2021
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
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Marked as best answer by kaid0807 on Feb 28, 2021

stillxalice

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Reply #1 on: Feb 28, 2021
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
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OSWALD

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Reply #2 on: Feb 28, 2021
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

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Reply #3 on: Feb 28, 2021
30.9%;  $382 million


Starlight

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Reply #4 on: Feb 28, 2021
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

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Reply #5 on: Feb 28, 2021
39.6%;  $209 million


bobbysung

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Reply #6 on: Feb 28, 2021
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

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Reply #7 on: Feb 28, 2021
26.5%;  $469 million


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