Question: I don't know how to solve this question 2. (20 points) Max and Flora each have a daily time endowment of 10 hours that can

I don't know how to solve this question

I don't know how to solve this question 2. (20 points) Maxand Flora each have a daily time endowment of 10 hours that

2. (20 points) Max and Flora each have a daily time endowment of 10 hours that can be divided between market work and home production. They have constant hourly productivities (in dollars) in each sector as shown in the following table. Market Goods (M) 15 16 J Home Goods (H) 10 12 d. (4 points) If Max and Flora choose combined consumption of exactly $60 of home goods per day, fmd the daily goods bundle that their partnered household produces (and consumes) and the daily time allocation that each agent chooses for the household to produce this bundle. e. (4 points) Show that the household production bundle chosen in (d) can be divided in a way that gives both Max and Flora the same amount of home goods and more market goods than they enjoyed when they were single

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