The marginal tax rate is A) the amount of taxes paid as a ...

[EAugust]

The marginal tax rate is
 
  A) the amount of taxes paid as a percentage of gross domestic product (GDP).
  B) the amount of per-capita taxes paid.
  C) the amount of taxes paid as a percentage of income.
  D) the fraction of each additional dollar of income that must be paid in taxes.

Question 2

The slope of an isocost line ________ and equals the negative of ________.
 
  A) increases as we move down the line; the ratio of input prices
  B) is constant; the ratio of input prices
  C) is constant; the ratio of the marginal products
  D) decreases as we move down the line; the ratio of the marginal products

[covalentbond]

Answer to Question 1

D

Answer to Question 2

B