In the Following Equation, Govrev Represents Total Government Revenue in a Given

question 23

Multiple Choice

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

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Definitions:

Universal Moral Reasoning

The concept that there are fundamental principles of right and wrong that are recognized across all cultures and societies.

Acting Basis

The foundational principle or reason behind the execution of a particular role or behavior.

Benevolence

The quality of being well-meaning and kindly, often characterized by acts of generosity and compassion towards others.

Autonomous Morality

The stage of moral development in which individuals recognize that moral rules are created by people and that individuals can question or challenge societal norms based on personal principles of justice or fairness.