Question: 5. Understanding marginal and average tax rates Consider the imaginary nation of Leguminia, whose citizens only consume beets. Assume that the price of beets is

 5. Understanding marginal and average tax rates Consider the imaginary nation

5. Understanding marginal and average tax rates Consider the imaginary nation of Leguminia, whose citizens only consume beets. Assume that the price of beets is $1 each. The government of _eguminia has developed two different tax schemes, the details of which are outlined below: Use the Plan X and Plan Y tax schemes to complete the following table by deriving the marginal and average tax rates under each tax plan at the consumption levels of 300 beets, 1,200 beets, and 3,000 beets, respectively

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