Now suppose that, if the subway upkeep is y, then the subway system generates total revenue r(y). The premier's advisers must decide how much funding f to provide the city. They choose f by maximising prots y) f where they know the value of w = w ahead of time and that y = g(f ,w). (If it helps, you can imagine w = E. However, please still express all an- swers in terms of w unless the question says otherwise.) e) (2 points) Describe in words what g( f ,w) represents (eg. in the con- text of provincial funding, winter length, etc). f) {2 points) Write the first order condition of the maximisation problem faced by the premier's advisers. Finally, suppose that 2 '1. r(y)= y. g(f,w)= til-w