1. Suppose an individual has 1 unit of time which can be used either for labour or leisure. The individual can produce apples with their labour. Apples can only be produced from their labour. The representative individual's preference over consumption and labour/leisure is represented by: u(c, l) = Vc . (1 -1) where c denotes the consumption amount and I denotes the labour time. The production function which transforms their labour into apples is given by f (1) = Vi 1.1 Suppose the representative individual directly maximises their utility using this technology. What are the optimal labour time and quantity of apples consumed? [12.5%]