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(continued from previous question) Roommates Maria and Joan each have a business that they run from home. Maria is a math tutor and Joan teaches

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(continued from previous question) Roommates Maria and Joan each have a business that they run from home. Maria is a math tutor and Joan teaches the violin. Since Joan's lessons distract Maria's clients, Maria's profit is profitM = 20h - h2 - vh, where h is the number of hours she tutors in a day and v is the number of hours Joan teaches violin. Joan's profit is profit, = 16v - v2. New Question: What are the socially optimal levels of h and v? O h = 10; v = 5 O h = 12; v =6 Oh = 6; V= 8 Oh = 8; v = 12 Oh = 8; v = 4

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