Is it possible to use pages to apply static content to each taxonomy level?

Short answer : Yes its posible!

long answer: Not the best way to do waht you are trying to do, when i need static content to go along with taxonomy terms i use the terms description field and in case that i need even more i just add my extra custom fields to the taxonomy term, here is a nice tutorial add extra fields to WordPress Custom taxonomies.

this way the creation of the terms archive beacomes much more dynamic.