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Question is in the photo. Thank you. Isaiah's preferences over leisure N and consumption of a composite good r: is represented by the utility function

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Question is in the photo. Thank you.

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Isaiah's preferences over leisure N and consumption of a composite good r: is represented by the utility function We!) = CMNNJ. Isaiah has I. =53 hours to allocate between leisure N and work H. Hourly wage ls w =$10 dollars. Isaiah does not have non~labour income. The tax are on labour income is t=0.4, meaning that for every dollar earned working. 0.4 goes to the government and the rest to Isaiah. If the government doubles the tax rate on labour income, by how many dollars would the total tax revenue raised on Isaiah change? Enter a numerical value. You may round to the seoond declmal if necessary. Use a negative sign ifthe total tax revenue decreases

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