(b) Plot the government tax revenue for 0

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answerhappygod
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(b) Plot the government tax revenue for 0

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B Plot The Government Tax Revenue For 0 T 1 And For A Required Revenue Of 0 25 Show That There Are Two Tax Rates T 1
B Plot The Government Tax Revenue For 0 T 1 And For A Required Revenue Of 0 25 Show That There Are Two Tax Rates T 1 (34.08 KiB) Viewed 15 times
(b) Plot the government tax revenue for 0 <t< 1, and for a required revenue of 0.25, show that there are two tax rates that achieve this. What are they? (10 marks) (c) Either analytically or from your Laffer curve plot, find the value of t that maximizes tax revenue. (5 marks)
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