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Will be very appreciated if following questions are solved in steps Suppose that households' utility from consumption of food and other goods is given by:

Will be very appreciated if following questions are solved in steps

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Suppose that households' utility from consumption of food and other goods is given by: u(qf , 90) = min [3qf, 2qo]. (1) Will an ad valorem tax on other goods generate an excess burden? Explain. Hint: Draw a diagram

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