note that the problem does not have to be fully solved, please just give a good economic interpretation of the First order Conditions. Thank you.

Consider a person who will live for two years {1 and 2}. The real interest rate between the two periods is 1'. Assume that any income they have to spend {Yl and Y2, denoted in that period's dollars] must be earned. They can choose the number of hours they work in each year, H1 and H2, and will be paid a wage ml and 1.02 in each period, also denoted in that period's dollars. Their preferences are defined over consumption ofa composite in each period, {11 and {12 , and leisure in each period. L1 and L2. You can assume that the price of consumption in each period is $1, again denoted in that period's dollars. Given this information. state the person's utility maximization problem, and derive the rst order conditions for an optimal solution. You do not have to solve the problem, but must give an economic interpretation of the conditions you derive