Question: Question [2]: Suppose the rm has the production function c = max), 4h? 1]}. Suppose the consumer has preferences represented by u(c, I) = c

Question [2]: Suppose the rm has the production function c = max\"), 4h\"? 1]}. Suppose the consumer has preferences represented by u(c, I) = c 7;? and that total time is not a. constraint. 1. What is the Pareto Optimum in this economy? 2. What is the Walrssisn Equilibrium in this Economy, if there is one

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