Question: kindly help me solve 1. Consider the utility function below where an individual gets utility her market income (x), plus a public transfer which is

kindly help me solve

kindly help me solve 1. Consider the utility function below where an

1. Consider the utility function below where an individual gets utility her market income (x), plus a public transfer which is equal to the tax rate (y) times the average income x, minus a tax which is equal to the tax rate (y) times her income (x) and finally minus the intrinsic burden of the tax/transfer system which is equal to the public transfer squared (y?). U = x+yx-yx- yz 1.1. (15 %) Which tax rate maximizes the individual's utility? (Hint: Use first-order-condition.). Show calculations. 1.2. (10 %) Imagine, a situation where the intrinsic burden of the tax/transfer system was (2y2) instead of (y?), which could be interpreted as a less efficient government, how would that affect the individual's tax rate preference? Show calculations. 1.3 (10 %) Based on the findings above, what are the effects of a less efficient government on individuals' preferred tax rate

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