Find the Coordinates of the Vertex, and Indicate Whether the Vertex

question 65

Multiple Choice

Find the coordinates of the vertex, and indicate whether the vertex is the highest point on the graph or the lowest point on the graph.

• A) vertex = (3, 14); it is the highest point.
• B) vertex = (11, 17); it is the lowest point.
• C) vertex = (-3, 17); it is the highest point.
• D) vertex = (6, 11); it is the lowest point.
• E) vertex = (3, 17); it is the lowest point.

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Definitions:

Marginal Tax Rate

The rate at which the last dollar of a person's income is taxed.

Personal Income

The total amount of income earned by individuals, including wages, salaries, investments, and other sources before taxes.

Excise Tax

A tax applied to specific goods, services, or activities, often with the intention of reducing consumptions, such as taxes on tobacco or alcohol.

Tax Incidence

The study of who ultimately bears the economic burden of a tax, whether producers or consumers.