If Danny has an income of a hundred dollars to spend on food.
(burgers=x, soup=y) the price of burgers is p1=1 per unit and the
price of soup is p2=2 per unit. there is a tax on burgers changing
the price of burgers to 1+t. Danny’s utility function is u=x+y
a)what is Danny’s ordinary demand before and after the tax
(express after tax in a function of t and the total change in her
demand as a function of t)
b)what is the maximum tax that the government can collect
Delivering a high-quality product at a reasonable price is not enough anymore.
That’s why we have developed 5 beneficial guarantees that will make your experience with our service enjoyable, easy, and safe.
You have to be 100% sure of the quality of your product to give a money-back guarantee. This describes us perfectly. Make sure that this guarantee is totally transparent.Read more
Each paper is composed from scratch, according to your instructions. It is then checked by our plagiarism-detection software. There is no gap where plagiarism could squeeze in.Read more
Thanks to our free revisions, there is no way for you to be unsatisfied. We will work on your paper until you are completely happy with the result.Read more
Your email is safe, as we store it according to international data protection rules. Your bank details are secure, as we use only reliable payment systems.Read more
By sending us your money, you buy the service we provide. Check out our terms and conditions if you prefer business talks to be laid out in official language.Read more