Calculus: Early Transcendentals
8th Edition
ISBN: 9781285741550
Author: James Stewart
Publisher: Cengage Learning
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A certain country uses a progressive tax system. The amount of tax consists of a linear part proportional to the income and a nonlinear part depending on the income by a power law. The total amount of tax is determined by the formula
T(W)=aW+(bW+c)p,
where W is the income; p is the exponent, a,b,c are some positive numbers. At what level of income the tax rate will be minimal?
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