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Please help me. I am extremely confused. Afactory employs 50 workers who produce handcrafted toys. Each worker can produce 5 toys in one hour. Working

Please help me. I am extremely confused.

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Afactory employs 50 workers who produce handcrafted toys. Each worker can produce 5 toys in one hour. Working hours are exible. so that each worker is free to choose how many hours he/she wants to work. For each worker, the effort cost of working is 5h2, where h is the number of hours worked by this worker. The factory pays each worker a bonus b for each toy produced by that worker. Each worker's utility equals his/her own income minus the effort cost of working. Each worker chooses the number of hours that maximize his/her own utility. it The factory is able to sell each toy for a price P=20. In addition to the bonus paid to workers, the factory also incurs a cost for the material used to produce the toys._ The cost of the material equals 0.00202. where Q is to total quantity of toys produced by all workers in the factory. Find the bonus b that maximizes the factory's prot. Hint: use q to represent the production of each worker and Q to represent the total production in the factory. The factory will pay the workers a bonus b= v for each toy produced. Each worker will optimally choose to work h= v hours. The factory will produce a total of Q= v toys

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