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?
A. 29.7%; $467 million
B. 31.4%; $464 million
C. 28.1%; $470 million
D. 26.5%; $469 million
Answer: D
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A. 20.1 B. 18.0 C. 30.6 D. 11.8
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A. 258 sec B. 222 sec C. 234 sec D. 246 sec
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A: At least one of us is a knave. B: At most two of us are knaves. What are A, B, and C?