1. Suppose there is a proposal for a new fine = (1.1)xoriginal fine (F), and keeping the probability of getting a ticket the same. That is, now make the fine 1.1F. Alternatively, suppose there is a different proposal to keep the fine at the original fine (F), but increase the probability of getting a ticket to (1.1)xoriginal probability of getting a ticket (PT). That is, now make the probability of getting a ticket 1.1PT. Which proposal will have a greater impact on reducing illegal parking for risk- neutral drivers?Explain.Which proposal will have a greater impact on reducing illegal parking for risk-averse drivers?Explain.(20 points).