Prices are still px 4 and Py = 3, and there is no sale tax on T-Rex toys. Income is equal to the amount you computed in the previous question. But now the government decides to tax yak toys, imposing a sale tax of 100% on py. The government wants to maintain the target utility of U 60. How much money does the government need to give Gina for her to achieve U = 60? O 20 15 0 30 =

Prices are still px 4 and Py = 3, and there is no sale tax on T-Rex toys. Income is equal to the amount you computed in the previous question. But now the government decides to tax yak toys, imposing a sale tax of 100% on py. The government wants to maintain the target utility of U 60. How much money does the government need to give Gina for her to achieve U = 60? O 20 15 0 30 =

Microeconomics

13th Edition

ISBN:9781337617406

Author:Roger A. Arnold

Publisher:Roger A. Arnold

Chapter7: Consumer Choice: Maximizing Utility And Behavioral Economics

Section: Chapter Questions

Problem 7QP

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