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Choose the One Alternative That Best Completes the Statement or Answers

Question 273

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Choose the one alternative that best completes the statement or answers the question.
-Economists use what is called a Leffer curve to predict the government revenue for tax rates from 0%0 \% to 100%100 \% . Economists agree that the end points of the curve generate 0 revenue, but disagree on the tax rate that produces tt maximum revenue. Suppose an economist produces this rational function
R(x) =10x(100x) 15+xR ( x ) = \frac { 10 x ( 100 - x ) } { 15 + x } , where RR 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) 31.4%;$46431.4 \% ; \$ 464 million
B) 29.7%;$46729.7 \% ; \$ 467 million
C) 28.1%;$47028.1 \% ; \$ 470 million
D) 26.5%26.5 \% ; $469\$ 469 million

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