Suppose an economist determines that where y = R(x) is government revenue in tens of millions of

Question:

Suppose an economist determines that

60х — 6000 х — 120 R(x)


where y = R(x) is government revenue in tens of millions of dollars for a tax rate of x percent, with y = R(x) valid for 50 … x … 100. Find the revenue for each tax rate. Round to the nearest tenth if necessary.

(a) 50% 

(b) 60% 

(c) 80% 

(d) 100%

Fantastic news! We've Found the answer you've been seeking!

Step by Step Answer:

Related Book For  book-img-for-question

College Algebra

ISBN: 978-0134697024

12th edition

Authors: Margaret L. Lial, John Hornsby, David I. Schneider, Callie Daniels

Question Posted: