Author Question: The marginal tax rate is A) the amount of taxes paid as a percentage of gross domestic product ... (Read 49 times)

EAugust

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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

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Answer to Question 1

D

Answer to Question 2

B



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