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Principles of Microeconomics

7th Edition
N. Gregory Mankiw
ISBN: 9781305156050

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BuyFindarrow_forward

Principles of Microeconomics

7th Edition
N. Gregory Mankiw
ISBN: 9781305156050
Textbook Problem

What is the marginal tax rate on a lump-sum tax? How is this related to the efficiency of the tax?

To determine
Efficiency of the marginal tax rate on the lump-sum tax.

Explanation

Marginal tax rate on a lump-sum tax is equal to zero. This is related to the efficiency of the tax which is the most efficient possible...

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