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wwwwwwwwwww a (6 points) Abigail has the utility function 110, C) = I + C which is dened over leisure l and consumption C. She

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a (6 points) Abigail has the utility function 110, C) = I + C which is dened over leisure l and consumption C. She has T = 80 hours to use in leisure or working W, so that W + I = 80. For each hour she works, she gets $5. The price of consumption is $10 per unit. She also has a xed non-wage income of $100. (a) (3 points) Find the amount of time she will work W and the amount of consumption 0 she will choose to maximize her utility. (b) (3 points) If the hourly wage increases to $20, then what is her optimal amount of consumption and work

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