Question: This is a microeconomics question. A and B are work-study students. Their utility functions representing satisfaction per day are:A=Ua=C2H.B=Ub=CH2 C=ConsumptionH=Leisure or Non-work hour Each works

This is a microeconomics question. A and B are work-study students. Their utility functions representing satisfaction per day are:A=Ua=C2H.B=Ub=CH2

C=ConsumptionH=Leisure or Non-work hour

Each works L hours per day, consumption costs each $P per unit.

Interpret, in words, what the different choices of hours worked made by Tom and Jerry say about the relative taste parameter of their respective utility functions.

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