Refer to the information provided in Figure 13.10 below to answer the question(s) that follow. 
Figure 13.10
-Refer to Figure 13.10. If Armstrong Cable is forced to sell the efficient level output, it will
Definitions:
Total Tax
The combined amount of all taxes imposed by different levels of government on individuals or businesses.
Average Tax Rate
The ratio of the total amount of taxes paid to the total tax base (taxable income or spending), expressed as a percentage.
Taxable Income
The amount of an individual's or a corporation's income used to determine how much tax they owe, after exemptions and deductions are factored in.
Marginal Tax Rate
The rate of tax applied to the next dollar of taxable income, indicating the percentage of any additional income that will be taken as tax.
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