Suppose a state has the following individual income tax structure. The first $20,000 that an individual earns is taxed at 5%. The next $30,000 is taxed at 10%. Any income exceeding $50,000 is taxed at 20%. Based on this tax structure, if a person's income rises from $45,000 to $55,000 . his marginal tax rate is:
a. 25%
b. 20%
c. 10%
d. 15%
a
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Pollution problems are usually cases of good versus evil
Indicate whether the statement is true or false
Identify whether each of the following transactions will take place in the factor market or in the product market
a. Graciela buys a Tesla Motors Model X. b. Lashan works 60 hours a week at a law firm. c. Tito sells his family's farmland to a housing developer. d. Tesla Motors increases employment at its Fremont, California plant.
When neither player has a dominant strategy,
A) game theory will not provide information. B) no Nash-Equilibrium exists. C) at least one Nash-Equilibrium exists. D) the game cannot be analyzed.
Which of the following could be called a virtue of raising prices of depletable resources?
a. It would discourage consumption and waste. b. It would stimulate more efficient use of resources. c. It would encourage innovation and discovery of alternatives. d. All of the above are true.