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1. Suppose MI = 20: pl =p2 = 2 Further assume that the consumer and symmetric Cobb- Douglas preferences (weights are 12 each). Which is
1. Suppose MI = 20: pl =p2 = 2 Further assume that the consumer and symmetric Cobb- Douglas preferences (weights are 12 each). Which is better from the point of view of the con- sumer.a per-unit tax on good 1. or a revenue neutral tax on income. (It raises the same revenue asthe income tax does.) Explain
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