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Will be very appreciated if following questions are solved in steps . Consider the Ramsey rule for optimal taxation that was discussed in class. a.

Will be very appreciated if following questions are solved in steps

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. Consider the Ramsey rule for optimal taxation that was discussed in class. a. Write down the maximization problem used to derive this rule and interpret both the objective and constraint(s). b. In what case(s) will uniform taxation (i.e. a tax on all taxable consumption goods at the same rate) be optimal? c. What does the rule say in general about the advisability of proportional income taxes

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