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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 to . Economists agree that the end points of the curve generate 0 revenue, but disagree on the tax rate that produces t maximum revenue. Suppose an economist produces this rational function
, where is revenue in millions at a tax rate of percent. Use a graphing calculator to graph the function. What tax rate produces the maximum revenue? What is the maximum revenue?
Net Cash
The amount of cash available after accounting for cash inflows and outflows.
Financing Activities
Actions that result in changes in the size and composition of the equity capital or borrowings of the entity, as reflected in the company's cash flow statement.
Operating Activities
Day-to-day actions that are involved in running a business, such as selling products, managing expenses, and paying employees.
Accounts Receivables
Assets of a business representing money owed by customers for goods or services that have been delivered but not yet paid for.
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