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, 10x(100-x) where R is revenue in millions at a tax 75+ x but disagree on the tax rate that produces the maximum revenue. Suppose an economist produces this rational function R(x) = rate of x percent. Use a graphing calculator to graph the function. What tax rate produces the maximum revenue? What is the maximum revenue? OA. 39.6%; $209 million. OB. 35.8%; $209 million OC. 37.5%; $210 million OD. 34.9%; $207 million
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, 10x(100-x) where R is revenue in millions at a tax 75+ x but disagree on the tax rate that produces the maximum revenue. Suppose an economist produces this rational function R(x) = rate of x percent. Use a graphing calculator to graph the function. What tax rate produces the maximum revenue? What is the maximum revenue? OA. 39.6%; $209 million. OB. 35.8%; $209 million OC. 37.5%; $210 million OD. 34.9%; $207 million
Algebra and Trigonometry (6th Edition)
6th Edition
ISBN:9780134463216
Author:Robert F. Blitzer
Publisher:Robert F. Blitzer
ChapterP: Prerequisites: Fundamental Concepts Of Algebra
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Problem 1MCCP: In Exercises 1-25, simplify the given expression or perform the indicated operation (and simplify,...
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Transcribed Image Text: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,
10x(100-x)
, where R is revenue in millions at a tax
but disagree on the tax rate that produces the maximum revenue. Suppose an economist produces this rational function R(x) =
75+ x
rate of x percent. Use a graphing calculator to graph the function. What tax rate produces the maximum revenue? What is the maximum revenue?
OA. 39.6%; $209 million
OB. 35.8%; $209 million
OC. 37.5%; $210 million
OD. 34.9%; $207 million
C
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