Question: A and B are work-study students. Their utility functions representing satisfaction per day are:A=Ua=C 2 H.B=Ub=CH 2 C=Units of consumptionper day H=Units of leisure or

A and B are work-study students. Their utility functions representing satisfaction per day are:A=Ua=C₂H.B=Ub=CH²

C=Units of consumptionper day H=Units of leisure or Non-work hours per day

Each works L hours per day, consumption costs each $P per unit.

Suppose B is given additional non-wage income equal to K per day. Specify the budget constraint for B. Solve for the optimal amount (units) of daily consumption that B purchases as a function of the financial parameters.

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