Author Question: The marginal tax rate is A) the amount of taxes paid as a percentage of gross domestic product ... (Read 27 times)

EAugust

  • Hero Member
  • *****
  • Posts: 550
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

  • Sr. Member
  • ****
  • Posts: 336
Answer to Question 1

D

Answer to Question 2

B



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
 

Did you know?

Most strokes are caused when blood clots move to a blood vessel in the brain and block blood flow to that area. Thrombolytic therapy can be used to dissolve the clot quickly. If given within 3 hours of the first stroke symptoms, this therapy can help limit stroke damage and disability.

Did you know?

Approximately one in four people diagnosed with diabetes will develop foot problems. Of these, about one-third will require lower extremity amputation.

Did you know?

Giardia is one of the most common intestinal parasites worldwide, and infects up to 20% of the world population, mostly in poorer countries with inadequate sanitation. Infections are most common in children, though chronic Giardia is more common in adults.

Did you know?

Symptoms of kidney problems include a loss of appetite, back pain (which may be sudden and intense), chills, abdominal pain, fluid retention, nausea, the urge to urinate, vomiting, and fever.

Did you know?

The first oral chemotherapy drug for colon cancer was approved by FDA in 2001.

For a complete list of videos, visit our video library