Hello! I wanted to check over what I put for the following questions.

4.C

5.B

4. Jonathan has 24 hours per day to spend between leisure and work. Consider two bundles Jonathan can choose between: . Bundle A: Work (h) 8 hours, consume $500 . Bundle B: Work (4) X hours, consume $700 Jonathan's utility function is given by U(C. L) - 5+ 01/2Ly/2 If Jonathan is indifferent between bundle A and B, then X must be (a) 11.43 (b) 12.74 (e) 12.57 (d) 11.26 (e) 13.44 Mackenzie produces hand-crafted tutus in a perfectly competitive market using sewing machines (S) at rental rate $5 and labor (E) at wage rate $15. Assume that she cannot vary her sewing machine level in the short-run. Suppose that she currently leases 6 machines, and the market price of a hand-crafted tutu is $80. The markets for labor and sewing are also competitive. Note: When necessary, round to two decimals. Mackenzie faces the MPg curve given by MP() Use this information for questions 5 and 6. 5. In the short-run, what is the optimal number of workers to employ? [a) 42.67 (b) 44.32 (e) 40.21 (d) 45.88 (e) None of the above