Suppose a firm faces a constant factor price w, its production function c(q,h) is differentiable and strictly convex, where q0 is its output level (product price p>0 ), h is the level of negative externality it produces. The externality generated by the firm affects a consumer whose utility function is (h)+w. Neither business nor consumer actions affect any market prices a) Derive first-order conditions describing the Pareto optimal levels of q and h Suppose a firm faces a constant factor price w, its production function c(q,h) is differentiable and strictly convex, where q0 is its output level (product price p>0 ), h is the level of negative externality it produces. The externality generated by the firm affects a consumer whose utility function is (h)+w. Neither business nor consumer actions affect any market prices a) Derive first-order conditions describing the Pareto optimal levels of q and h