(Solved): Consider the imaginary nation of Leguminia, whose citizens only consume beets. Assume that the pri ...

Consider the imaginary nation of Leguminia, whose citizens only consume beets. Assume that the price of beets is \( \$ 1 \) each. The government of Leguminia 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 consumption levels of 500 beets, 1,400 beets, and 2,500 beets, respectively.