Which of the Following States Collects a Smaller Percentage of Their

question 45

Multiple Choice

Which of the following states collects a smaller percentage of their resident's income than Texas?

• A)Colorado
• B)New Hampshire
• C)South Dakota
• D)Alaska

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Definitions:

Marginal Benefit

The extra benefit or pleasure that someone receives from using an additional unit of a specific good or service.

Marginal Cost

The increase in cost resulting from the production of one additional unit of a good or service.

Marginal Benefit

The extra utility or satisfaction that is derived from the consumption or manufacture of one more unit of a good or service.

Marginal Cost

The growth in complete cost caused by the manufacture of one more unit of a good or service.