In the following equation, govrev represents total government revenue in a given year, and taxrate represents the tax rate, which can take on a value ranging from 0 to 1. govrev = 0.31 + 0.42 taxrate - 0.71 taxrate
At what taxrate is govrev maximized?
A. 0.59
B. 0.30
C. 0.15
D. 0.37
Answer: B
You might also like to view...
A fully licensed driver, Clarity Dence just drove her car to an "Earth Day" rally. By doing so, she exercises
A) her right to drive beyond the speed limit. B) her right to threaten and steal. C) her right to pollute. D) her right to park wherever she sees fit. E) none of the above.
The non-exclusion principle means
A. no one can be excluded from the benefits of a public good, even if the person does not pay for it. B. no one who pays for a public good can be excluded from receiving the benefits of a public good. C. no one can be excluded from the benefits of a private good, even if only one person pays for it. D. people who do not pay for a public good can be excluded from receiving its benefits.
The fundamental goal of a firm or a business is to
A. organize the factors of production and take risks. B. produce the largest number of output units possible. C. employ labor in the most socially responsible manner possible. D. earn the highest possible returns.
Why is the real-world deposit multiplier smaller than 1/RR, where RR is the required reserve ratio?
What will be an ideal response?