Use the Following to Answer Questions

question 190

Multiple Choice

Use the following to answer questions:
Figure: Marginal Benefits and Marginal Costs
-(Figure: Marginal Benefits and Marginal Costs) Look at the figure Marginal Benefits and Marginal Costs. More time spent studying economics adds points to economics scores (MB) but subtracts points from accounting scores (MC) . The marginal benefit of studying economics for four hours is _____ points, and the marginal cost is _____ points.

• A) 30; 30
• B) 20; 10
• C) 20; 20
• D) 30; 10

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Definitions:

Progressive Tax Structure

A tax system in which the tax rate increases as the taxable amount or income increases, imposing a higher percentage rate on higher income earners.

Policy Makers

Individuals or groups responsible for creating and implementing policies and decisions in governmental or organizational settings.

Proposal

A formal suggestion or plan, typically detailed in a document, outlining a course of action or project.

Excise Tax

A tax imposed on specific goods, services, or transactions, often with the goal of discouraging their consumption or generating revenue.