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Question 73 1 pts Suppose government imposes a consumption tax of 10% on the consumption of every citizen. Citizen A has a yearly income of
Question 73 1 pts Suppose government imposes a consumption tax of 10% on the consumption of every citizen. Citizen A has a yearly income of $10,000 and annual saving of $1000. How much does citizen A pay in taxes? O $0 O $900 O $100 O $1000Question 54 1 pts You are considering buying a raffle ticket. If you win, you will receive $500. If you lose, you will receive nothing. There is a 1% chance that you will win. If you are risk inclined, how much would you be willing to pay for a ticket? O $4 O $5 O $6 None of the above.Question 44 1 pts A firm produces 8 TVs with 1 unit of labor, 15 TVs with 2 units of labor, and 21 TVs with 3 units of labor. Its marginal revenue on each TV is $300. The value of the marginal product of the third unit of labor is O $6300. O $4500. O $300 O $1800.D Question 65 1 pts Suppose a person has income of $100,000. If this person has a marginal tax rate of 20% on income over $20,000 and a zero tax rate on the first $20,000 of income, what is the person's average tax rate? O 16% O 20% O 30% O 4%
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