The Figure Given Below Shows the Demand Curve in the U.S

question 41

Multiple Choice

The figure given below shows the demand curve in the U.S. and the cost curves in U.S. and India.Figure: 16.4
In the figure:
MC: Marginal cost curve
ATC: Average total cost curve
D: Demand curve in the U.S.MR: Marginal revenue curve in the U.S.
-Suppose a tax rate of 10 percent applies to all income up to $20,000 a year, income above $20,000 up to $50,000 a year is taxed at a rate of 15%, and income above $50,000 a year is taxed at 20%. Calculate the absolute amount of tax paid by a person whose annual income is $30,000.

• A)$2,000
• B)$2,500
• C)$4,500
• D)$4,000
• E)$3,500

Recognize the varied success and applicability of guerrilla marketing strategies for startups.

Grasp the impact of website design choices on user engagement and success.

Learn the effective uses of social media in inspiring, entertaining, building trust, and the limitations in direct sales.

Understand the dynamic nature of the marketing mix over time.

---

Definitions:

Psychological Defense Mechanisms

Unconscious distortions of a person’s perception of reality that reduce stress and anxiety.

Ego

In psychoanalytic theory, the part of the personality that mediates between the desires of the id, the values of the super-ego, and the realities of the external world.

Unconscious Efforts

Activities or processes that occur without conscious awareness or control, influencing behaviors and decisions.

Repression

Psychological defense mechanism in which the person refuses to consciously remember a threatening or unacceptable event, instead pushing those events into the unconscious mind.