Optimal choice of milk and honeyquantity of milk total utility quantity of honey total utility(gallons) from milk (in jars) from honey0 0 0 01 32 1 442 60 2 843 84 3 1204 104 4 1525 120 5 1806 132 6 2047 140 8 2248 144 8 240the price of milk is $2 per gallon, and the price of honey is $4 per jar. hal's income is $16. assuming that hal spends all of his income on honey and milk, the combination of milk and honey that will maximize his total utility is jars of honey and gallons of milk.

9. tax types: taxes are classified based on whether they are applied directly to income, called direct taxes, or to some other measurable performance characteristic of the firm, called indirect taxes. identify each of the following as a “direct tax,” an “indirect tax,” or something else: a. corporate income tax paid by a japanese subsidiary on its operating income b. royalties paid to saudi arabia for oil extracted and shipped to world markets c. interest received by a u.s. parent on bank deposits held in london d. interest received by a u.s. parent on a loan to a subsidiary in mexico e. principal repayment received by u.s. parent from belgium on a loan to a wholly owned subsidiary in belgium f. excise tax paid on cigarettes manufactured and sold within the united states g. property taxes paid on the corporate headquarters building in seattle h. a direct contribution to the international committee of the red cross for refugee relief i. deferred income tax, shown as a deduction on the u.s. parent’s consolidated income tax j. withholding taxes withheld by germany on dividends paid to a united kingdom parent corporation