HAUL'ULDB 1.3 IUIILLUB bU Luuuuc VVUJA ULLUI'IJ Consider a worker whose preferences are given by: U(C,R) =alogC+(1a)logR, where C denotes consumption and R denotes leisure. The worker has T units of time that he can either allocate to leisure, R, or to labor, L. Let p denote the nominal price of one unit of consumption and w denote the nominal wage. We will assume that the worker has V dollars of non-labor income. 1. #39053 Write-out the consumer's descriptive utility maximization problem. . Write-out the consumer's canonical utility maximization problem. . Derive the consumer's labor supply function. . Suppose that full time workers must supply at least H