2. Kim is a single head of a. household with two children and has the following utility function over consumption, 0, and leisure, l: ‘U.(C,l) =

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2. Kim is a single head of a. household with two children and has thefollowing utility function over consumption, 0, and leisure, l: ‘U.(C,l) = (1230.8. There are 50 weeks in the work year and 168 hours per week. Assume thatKim earns $10.00 per hour and has no other sources of income. Normalizethe price of consumption goods at $1. (i) Sketch the family’s weekly budget constraint. How many hours a weekwill Kim work? What will the family’s annual consumption be?

 
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