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1. Suppose that Mary's utility function is given by me, 1)=c+4~/1+2. Given w (wage) = 1 and 11* [maximized prot) = 4, h (hours) =

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1. Suppose that Mary's utility function is given by me, 1)=c+4~/1+2. Given w (wage) = 1 and 11* [maximized prot) = 4, h (hours) = 16, G (government spending): T (taxes) = 2. Write her utility maximization problem and find her optimal consumption bundle. 2. Write the production possibility frontier as a function of I, i.e., write C: some function of

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