Suppose that the relationship between the tax rate t on imported shoes and the total sales S (in millions of dollars) is given by the function below. Find the tax rate t that maximizes revenue for the government. (Round your answer to three decimal places.) S(t) = 7 â 6(cubedroot(t))

66.992%

Step-by-step explanation:

Since we want to maximize revenue for the government

Government's Revenue= Sales X Tax Rate

To maximize revenue, we differentiate R(t) and equate it to zero to solve for its critical points. Then we test that this critical point is a relative maximum for R(t) using the second derivative test.

Now:

Setting the derivative equal to zero

Next, we determine that t=0.6692 is a relative maximum for R(t) using the second derivative test.

R''(0.6692)=-3.48 (which is negative)

Therefore, t=0.66992 is a relative maximum for R(t).

The tax rate, t that maximizes revenue for the government is:

=0.66992 X 100

t=66.992% (correct to 3 decimal places)

answer: .75 km

step-by-step explanation:

let's add {f(x)=x+1}f(x)=x+1 and {g(x)=2x}g(x)=2x together to make a new function.

f(x)+g(x) =(x+1)+(2x)=x+1+2x=3x+1

let's call this new function hh. so we have:

{h(x)}={f(x)}+{g(x)}{=3x+1}h(x)=f(x)+g(x)=3x+1

we can also evaluate combined functions for particular inputs. let's evaluate function hh above for x=2x=2. below are two ways of doing this.

method 1: substitute x=2x=2 into the combined function hh.

h(x)

h(2)

​    

=3x+1

=3(2)+1

=7

​ since h(x)=f(x)+g(x)h(x)=f(x)+g(x), we can also find h(2)h(2) by finding f(2) +g(2)f(2)+g(2).

first, let's find f(2)f(2):

f(x)

f(2)

​    

=x+1

=2+1

=3

​  

now, let's find g(2)g(2):

g(x)

g(2)

​    

=2x

=2⋅2

=4

​  

so f(2)+g(2)=3+4=\greend7f(2)+g(2)=3+4=7.

notice that substituting x =2x=2 directly into function hh and finding f(2) + g(2)f(2)+g(2) gave us the same answer!