Show what happens to the optimal dividend level satisfying the firstorder condition [k frac{1}{1+r}left[F^{prime}+gamma ight] X^{prime}+1-frac{F^{prime}}{1+r}=0] when

Show what happens to the optimal dividend level satisfying the firstorder condition

\[k \frac{1}{1+r}\left[F^{\prime}+\gamma\right] X^{\prime}+1-\frac{F^{\prime}}{1+r}=0\]

when

(a) The parameter \(\gamma\) changes, with all other factors fixed.

(b) The parameter \(k\) changes, with all other factors fixed.