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If the government taxes firm output at ratet <1, then the consumer's optimality condition is, (a)MRSl,C=w. (b)MRSl,C=w(1t). (c)(1t)MRSl,C=w. (d)MRSl,C=wt.
- If the government taxes firm output at ratet <1, then the consumer's optimality condition is,
(a)MRSl,C=w.
(b)MRSl,C=w(1t).
(c)(1t)MRSl,C=w.
(d)MRSl,C=wt.
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