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Consider a worker with a utility function given by the equationU = , where Y is total income and U is the level of utility. Assume the individual receives no nonlabor income.a) Suppose that Job A pays $22 per hour and involves working 5 hours per day every day during the year. What is level of utility the person will attain on a daily basis? What will be the average level of utility attained per day during the year?b) Suppose that Job B pays $22 per hour but involves working 2 hours per day 50 percent of the year, and 8 hours per day the other 50 percent of the year. What is level of utility the person will attain on a daily basis? What will be the average level of utility attained per day during the year?c) Will the typical worker prefer Job A or Job B?
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