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2. Goods A and B are leisure items and their cost per unit is $10 and $5, respectively. It takes 0.1 hours to consume one

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2. Goods A and B are leisure items and their cost per unit is $10 and $5, respectively. It takes 0.1 hours to consume one unit of A and 0.2 hours to consume one unit of B. Your utility of consuming x1 units of good A and x2 units of good B is u(x1, x2) = In x1 + In x2. Suppose you can spend up to $350 and no more than eight hours on leisure items. a) (3 pts) Knowing you are a rational consumer that wishes to make the most out of your money and time, write down your utility maximization

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