To the Average Consumer, the Marginal Utility of a Second

question 277

Multiple Choice

To the average consumer, the marginal utility of a second copy of today's newspaper is

• A)constant.
• B)increasing.
• C)close to zero.
• D)close to one.

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Definitions:

Single

Filing status for unmarried taxpayers that is indicated on tax forms which determine the tax rate paid.

Married Filing Jointly

Filing status for married taxpayers who chose to fill out separate income tax returns.

Head of Household

A tax filing status for individuals who are unmarried and provide home support for a qualifying person.

Federal Tax Withheld

The portion of an employee's paycheck that is taken by the employer and sent directly to the federal government as partial payment of income tax.