Scott received $250 a week from his parents while attending college. He has 70 hours per a week available to either work or undertake leisure activities (after devoting time to sleeping, classes, studying, and other activities he must do (like brushing teeth)). The wage he can earn is $25 per hour. He gets utility from consumption units (p = $1) and leisure (h) such that U(c,h) = c1/4 h3/4 or c0.25h0.75. A) Set up the lagrangian (L = u(c,h) + (constraint)) and use it to solve for Scott's optimal labor supplied (l) at $25 an hour. 3) Scott received $250 a week from his parents while attending college. He has 70 hours per a week available to either work or undertake leisure activities (after devoting time to sleeping, classes, studying, and other activities he must do (like brushing teeth)). The wage he can earn is $25 per hour. He gets utility from consumption units (p = $1) and leisure (h) such that U(c,h) = c1/4 h3/4 or c0.25h0.75. D) Hmmm, he has 70 hours to devote to labor or leisure, and he only devotes 10 hours to labor. Can this be explained (in words) using this utility function?