Solve the problem. A function that might describe the entire Laffer curve is
where y is the government revenue in hundreds of thousands of dollars from a tax of x percent, with the function valid for
Find the revenue from a tax rate of 50%. Round your answer to the nearest billion.
A. $963 billion
B. $908 billion
C. $838 billion
D. $938 billion
Answer: D
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Find the equation of the line passing through the indicated two points in standard form.(9, -2) and (5, 1)
A. -3x + 4y = 19 B. -11x - 4y = -51 C. 3x + 4y = 19 D. 11x + 4y = -51
Solve the problem.Kevin invested part of his $10,000 bonus in a certificate of deposit that paid 6% annual simple interest, and the remainder in a mutual fund that paid 11% annual simple interest. If his total interest for that year was $700, how much did Kevin invest in the mutual fund?
A. $1000 B. $2000 C. $8000 D. $3000
Use the binomial formula to expand the binomial.(3x2 - 1)3
A. 81x8 + 27x6 - 27x4 + 9x2 - 1 B. 27x6 - 27x4 + 9x2 - 1 C. (9x4 - 6x2 + 1)3 D. 27x3 - 27x2 + 9x - 1
Write the first five terms of the geometric sequence.an = 6an-1; a1 = 3
A. 18, 108, 648, 3888, 23,328 B. 3, 18, 108, 648, 3888 C. 3, 9, 15, 21, 27 D. 6, 18, 108, 648, 3888