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PLZ FILL IN THE BLANKS USING INFORMATION PROVIDED THANKS Consider an altruistic individual whose utility function is given by U=f(I self, I charity ).Their marginal

PLZ FILL IN THE BLANKS USING INFORMATION PROVIDED THANKS

Consider an altruistic individual whose utility function is given by U=f(Iself,Icharity).Their marginal utility from donating to charity (i.e. donating to those in need) is given by MPU=312-Icharity and their marginal disutility from donating to charity is given by MDU=6Icharity.This individual's donations also result in marginal external utility to third parties (others who benefit from knowing that donations by the altruisitic individual are being made to those in need), given by MEU=0.5Icharity.Using a graph with marginal utils on the vertical axis and Icharity on the horizontal axis, answer the following questions.

32. This individual will voluntarily donate $ ______________to charity.

33. The socially efficient amount of donations is $ ________________.

34. To encourage this individual to voluntarily donate the socially efficient amount to charity government would need to offer this individual a tax credit in the amount of $_____________.

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