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.
D
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"Environmental Awareness" Training Mega Manufacturing's corporate headquarters requires periodic classes in the green policies that it embraces. The Human Resource Department conducts the relevant classes and is run as a profit center with each plant
manager paying a transfer price per employee taking the classes. Recently, some of the plant managers have been hiring outside firms to conduct these classes. HR has complained to corporate that they will have to lay off staff if this continues but the plant managers reply that the outside firms are much cheaper. Why might corporate headquarters want to ban classes run by external firms anyway?
The graph shown portrays a subsidy to buyers. Before the subsidy is put in place, the producers sold _____ units and received _____ for each of them.
A. 100; $46
B. 100; $30
C. 150; $40
D. 150; $24