For a person earning $75,000, the marginal tax rate for the amount from 10,001 to $15,000 is:



A. 10%

B. 15%

C. 25%

D. 27.5%

C. 25%

Economics

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The economy pictured in the figure has a(n) ________ gap with a short-run equilibrium combination of inflation and output indicated by point ________. 

A. recessionary; A B. recessionary; C C. recessionary; B D. expansionary; A

Economics

The accompanying table below shows the relationship between the number of times you get your car washed each month and your total monthly benefit from car washes. Each car wash costs $15. Number of Car Washes Per MonthTotal Monthly Benefit from Car Washes0$01$202$363$484$565$60 What is the marginal cost of the 5th car wash each month?

A. $15 B. $12 C. $14 D. $4

Economics