It has the general equation f of x equals negative K x squared plus L x plus M, where k, l, and m are constants. The theory on which this curve is based holds that governments often do not maximize total revenue and that, in the case of the US at the time of its conception, marginal revenue from taxation was negative. FTP, 
It has the general equation f of x equals negative K x squared plus L x plus M, where k, l, and m are constants. The theory on which this curve is based holds that governments often do not maximize total revenue and that, in the case of the US at the time of its conception, marginal revenue from taxation was negative. FTP, name this curve, legendarily sketched on a napkin, which provides the basis of supply-side economics.
It has the general equation f of x equals negative K x squared plus L x plus M, where k, l, and m are constants.