Suppose a wealthy widow is willing to give $250.00 to charity if the cost in terms of foregone consumption is no more than $187.50. Assume charitable contributions are tax deductible. The widow would be willing to give $250.00 to charity if her income tax rate is at least 35 percent. (Enter your response as an integer.)

Suppose a wealthy widow is willing to give $250.00 to charity if the cost in terms of foregone consumption is no more than $187.50. Assume charitable contributions are tax deductible. The widow would be willing to give $250.00 to charity if her income tax rate is at least 35 percent. (Enter your response as an integer.)

Microeconomics: Private and Public Choice (MindTap Course List)

16th Edition

ISBN:9781305506893

Author:James D. Gwartney, Richard L. Stroup, Russell S. Sobel, David A. Macpherson

Publisher:James D. Gwartney, Richard L. Stroup, Russell S. Sobel, David A. Macpherson

Chapter14: Investment, The Capital Market, And The Wealth Of Nations

Section: Chapter Questions

Problem 13CQ

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