Question: please help with this 3. [8 points] An individual has a utility function given by (4, ) = In/ + = Inc, where { is

please help with this

3. [8 points] An individual has a utility function given by "(4, ) = In/ + = Inc, where { is leisure and e is consumption. The price of consumption is p. = 1, the individual's time endowment is 7 = 10, her wage is w = 4, and her non-labor income is y = 20. (a) Find her labor supply, h* (b) The government begins a program that will transfer the individual an amount { = 20 if she works at least 5 hours. Find her labor supply given the existence of this program

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