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elena-14-01-66 [18.8K]
3 years ago
15

The laffer curve makes the point that cutting a very high marginal tax rate can __________ the tax base enough so that tax reven

ues actually __________.
Business
1 answer:
Ivenika [448]3 years ago
8 0
<span>The laffer curve makes the point that cutting a very high marginal tax rate can raise the tax base enough so that tax revenues actually rise. The Laffer Curve is a theory that was developed by Arthur Laffer. The theory explains the relationship between tax rates and how much tax revue the government creates. </span>
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Question:

Please see the Demand and Cost information reproduced in the attached table

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Please see the attached PDF.

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The profit-maximizing choice for the monopoly will be to produce at the quantity where marginal revenue is equal to marginal cost:

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