Muhtarr has a utility function for M&M Cookie (X₁) and Twix(X₂); U(X₁,X₂) = 2X₁+ X₂. The prices ofM&M Cookie&Twixare $1 each and Muhtarrhas an income of $20 to spent on these two goods, Muhtarr'soptimal consumption of M&M Cookie is and Twixis ,(please put your answer in numerical values with no comma or decimal place).Muhtarr'sutility is (please put your answer in numerical values with no comma or decimal place).If a quantity tax of $0.60 is imposed on M&M Cookie, Muhtarr'safter tax optimal consumption of M&M Cookie is and Twixis (please put your answer in numerical values into 1decimal placewith no comma).How much tax revenue do the government collects from the tax on M&M Cookie? (please put your answer in numerical values into 1decimal placewith no dollar sign or comma)Suppose the government decides to combine this tax with a lump-sum subsidy that makes Muhtarras well-off as he was before the tax. With this new income, how much of M&M Cookiewill Muhtarrdemand? (please put your answer in numerical values into 1decimal placewith no comma). How much is the subsidy? . (please put your answer in numerical values into 1decimal placewith no dollar sign or comma).The substitution effect is and the income effect is . (please put your answer in numerical values into 1decimal placewith no dollar sign or comma).