What is the marginal rate of substitution?

Answer The marginal rate of substitution represents an important element in economic theory regarding consumer choice. It refers to the rate at which an individual is willing to substitute one product for... Read More »

Top Q&A For: What is the marginal rate of substitution

What is the marginal tax rate on a lump-sum tax?

The maximum tax bracket or schedule amount would be at 35%.Go to the web site and use the search box for 2009 federal tax rate schedules go to page 13Click on the below Related Link

Under what administration was the top marginal rate of the federal personal income tax lowered?

Many presidential administrations have lowered the top marginal tax rate on personal income. However, the most drastic and permanent decreases came during the Reagan Administration. The top margina... Read More »

Is the average or the marginal tax rate more relevant to a new business startup?

On One Hand: The Marginal Tax Rate Is More RelevantThe marginal tax rate provides the rate at which each additional dollar is taxed until the next margin is reached. If you can lower the income of ... Read More »

What is a substitution for cardamom?

You can create a substitute for 1 tsp. of ground cardamom by combining 1/2 tsp. of cinnamon with 1/2 tsp. of ginger. Native to India and southeast Asia, cardamom is a key ingredient in Arab coffee.... Read More »