5. (20 points) Mead N. Taters' expenditure function 1s defined by: e(p,u)=2p.2*p*u where pys 1s the price of steak and py 1s the price of potatoes. The government proposes a farm subsidy program that would reduce the price of steak to $1.00 per pound. It also proposes an increase mn income tax to pay for the program. a Illustrate graphically the largest increase in income tax that Mead would be willing to payto secure the lower price for steak. That 1s indicate the largest amount Mead would 2 pay to remain at the same level of satisfaction. b Calculate the largest increase in income tax that Mead would be willing to pay to secure the lower price for steak as a function of his income level (w) and the onginal prices ofsteak and potatoes. (Hint: 1n determining the amount solve for the indirect utility and also use 51.0 as the new price of steak)