Question: 1. Suppose MI = 20: pl =p2 = 2 Further assume that the consumer and symmetric Cobb- Douglas preferences (weights are 12 each). Which is

1. Suppose MI = 20: pl =p2 = 2 Further assume

1. Suppose MI = 20: pl =p2 = 2 Further assume that the consumer and symmetric Cobb- Douglas preferences (weights are 12 each). Which is better from the point of view of the con- sumer.a per-unit tax on good 1. or a revenue neutral tax on income. (It raises the same revenue asthe income tax does.) Explain

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1. To take in the necessary information,

7. Find four examples that illustrate the statement: Beyond a certain point, open-ness regarding information and communication can become detrimental to relationships.

2. In this chapter, the reader should reflect on the following concepts: