An individual has the following preferences dened oyerconsumption of a composite good c [with a per unit price p normalized to 1] and leisure h a D measured in hours: U = h "1 f 3 c" 2;" 3. Hertotal daily time constraint is H = 24 = h + l hours {where I a I] denotes her labor supply in hours] and her daily non-labor income is y ' = 8 480. Answer each of the following questions based on the above information. You have three attempts {your highest score will be recorded]. Round your FINAL numerical answers to the nearest 2nd decimal place [0.61]. {31: Assuming the hourly wage is w = S 5, calculate this individual's daily consumption of leisure, h. 02: Again, assuming the houdy wage is w = $ 5, calculate her daily consumption ofthe composite good, c. [33: Assuming the hourly wage isw = S 15, calculate this in dividual's daily consumption of leisure, h. DA: Again assuming the hourly wage is w = S 15, calculate this individual's daily consumption of the composite good c . DE: Calculate the threshold level ofthe wage, above which she would work [I :5 D} or {h a: H = 24]. D6: Is she happier when the going wage is lower {e.g., $5} or higher [e.g., 315}? Group of answer choices When the wage is higher. When the wage is lower. Show less