Question: ,,; HI expert please solve these please f(3) lConsider a one-period economy in which the representative agent maximizes the following utility function LC1r 1 Fl
,,; HI expert please solve these please








\f(3) lConsider a one-period economy in which the representative agent maximizes the following utility function LC"1r 1 Fl\" 1 + "a\" 'l' where C is consumption, 4'? is leisure, and 1: a: 1. The agent is subject to the time constraint: {HELP} = E+L=1 where L is laheur supplied by the agent at the exogenouslv given reel wage rate ta. The agent has to pay a proportional tax 1' on wage income as well as a lump-sum tax T1 with {l a: T |t| 95% Confidence Limits Intercept 3.59062 income 0.63090 0.09987 2 Variables: income cons
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