A tax collected at each stage of the production process is called a(n) ________ tax

Refer to Figure 2-6. If the economy is currently producing at point E, what is the opportunity cost of moving to point D?

A) 26 thousand forks B) 0 spoons C) 16 thousand spoons D) 20 thousand forks

Suppose the government imposes a tax of 10 percent on the first $40,000 of income and 20 percent on all income above $40,000 . What are the tax liability and the marginal tax rate for a person whose income is $30,000?

a. both are 10 percent b. 10 percent and $2,000 . respectively c. $3,000 and 10 percent, respectively d. $3,000 and 20 percent, respectively