Multiple Choice
Suppose there is a linear relationship between national income and total tax revenue.If national income is $100 million,then $25 million is collected as tax revenue .If national income is $200 million,then $40 million is collected in tax revenue.What is the marginal response in tax revenue to a change in national income?
A) 15 million
B) 0.15 million
C) 15
D) 0.15
E) -15
Correct Answer:

Verified
Correct Answer:
Verified
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