For this tax schedule, what is the marginal tax rate for an individual with taxable income of $49,000?
a. 0%
b. 10%
c. 25%
d. 35%
Answer: d. 35%
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The figure above shows the market supply and market demand curves for pizza. If the market is at its equilibrium, what area in the graph above represents:
a) consumer surplus? b) producer surplus?
If consumers elect to postpone consumption so they can have a more enjoyable future, the supply of loanable funds would increase and the market rate of interest would fall
a. True b. False
Which of the following is an example of a trade restriction?
A) quotas B) tariffs C) dumping D) a and b E) a, b, and c
Exhibit 11-11 Labor wage and cost data Labor Wage TWC MFC10 $ $ 50.00 $ 11 5.80 12 17.80 13 102.70 14 126.00 15 46.50 In Exhibit 11-11, the wage required to hire 12 employees is equal to:
A. $5.80. B. $6.00. C. $6.50. D. $6.80.