Question: 1 One-Period Model I. * 2 Consider a one-period model. A rep- resentative consumer has preferences represented by u(C, 1) = C+ VI +1000, where

1 One-Period Model I. * 2 Consider a one-period model. A rep- resentative consumer has preferences represented by u(C, 1) = C+ VI +1000, where C denotes a numeraire composite goods and I denotes the hours of leisure. She is allotted h = 1000 hours of time. She works for N's hours at the wage rate of w. In addition to her labor income, she earns the dividend it and pays T for tax. Write her utility maximization

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