Assume a Firm Increases Its Revenue by $100 While Increasing

question 90

Multiple Choice

Assume a firm increases its revenue by $100 while increasing its cost of goods sold by $85.How much additional tax will the firm owe if its marginal tax rate is 25%?

• A) $3.75
• B) $7.50
• C) $13.75
• D) $25.00

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Definitions:

Ethnocentrism

Ethnocentrism is the belief in the inherent superiority of one's own ethnic group or culture, often accompanied by prejudice or discrimination against people of other groups.

Multiculturalism

A societal approach that recognizes, values, and promotes cultural diversity and the coexistence of different cultural traditions.

Ethnocentrism

The belief in the inherent superiority of one's own ethnic group or culture over others, often leading to prejudice and discrimination.

Ethnocentrism

describes the act of judging another culture solely based on the values and standards of one's own culture.