3. Suppose that Kalie lives off from beef sticks (q1) and Gatorade (q2) and has the following IN utility function, U = qiq?. The price of a pack of beef sticks (p1) is $10 and the price of a 32oz Gatorade (p2) is $2.50. Kalie has $50 to spend on the two things that she loves.Suppose the government imposed a $2 tax on beef sticks. (Assume the longrun elasticity of supply is perfectly elastic so that the incidence of tax falls entirely on the consumer). i. How many packs of beef sticks will Kalie buy? ii. How much tax revenue will the government collect from Kalie? iii. What will her utility be? iv. How much money does the government have to give Kalie to compensate her for the effect of the tax? v. Illustrate this part (k) of the problem with a graph. Suppose that Kalie is consuming beef sticks and Gatorade so that |MRS|>| MRTI. i. What adjustments would you suggest that Kalie make to her consumption? Explain why. ii. Illustrate this part (I) of the problem with a graph