Question: Hello, I would like the answer to this question please. Question IV [20 points] Consider an economy in which the representative consumer preferences are described

Hello, I would like the answer to this question please.

Question IV [20 points] Consider an economy in which the representative consumer preferences are described by we, I) = 0335:??? The total number of hours available to the representative consumer is h = IT and the market real wage is w. The representative rm produces the nal consumption good using the technology function Y = More1 where N is the labour. Additionally, assume that the government in this economy 1wants to spend G=D.25

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