(Solved): need help 5 5. Understanding marginal and average tax rates Consider the imaginary nation of Legumin ...

5. Understanding marginal and average tax rates Consider the imaginary nation of Leguminville, whose dtizens onty consume artichokes. Assume that the price of artichokes is \( \$ 1 \) each. The government of Leguminville has developed two different tax schemes, the details of which are outlined below: Use the Plan \( X \) and Plan \( Y \) tax schemes to complete che following table by deriving the margind and averige tax rates under each tax plan at the consumption levels of 500 artichokes, 1,500 artichokes, and 2, 500 artichokes, respectively,