1. A taxpayer faces the following tax rates on her income: 20 percent of the first $40,000 of her income; 30 percent of all her income above $40,000. The taxpayer faces:
a. an average tax rate of 22.5 percent when her income is $30,000.
b. an average tax rate of 22.0 percent when her income is $50,000.
c. a marginal tax rate of 10 percent when her income rises from $40,000 to $40,001.
d. a marginal tax rate of 50 percent when her income rises from $60,000 to $60,001.
2. All of the following are true about in-game strategy EXCEPT
we assume the "correct" strategy is the strategy that maximizes your chance of winning
kicking extra points when down by 14 will always maximize your chance of winning
win expectancy in baseball goes up or down depending on the outcome of a particular play
we generally assume that events are independent of one another.