Wendy and Mac work in fast-food restaurants.Wendy is paid $4 an hour for the first 40 hours a week that she works and $6 an hour for every hour beyond 40 hours per week.Mac gets $5 an hour no matter how many hours he works.Each has 110 hours per week to allocate between work and leisure.Each has a utility function U = cr, where c is expenditure per week on consumption and r is hours of leisure per week.Each can choose the number of hours to work.If Wendy works W hours and Mac works M hours, then

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The Answer of Wendy and Mac work in fast-food restaurants.Wendy is paid $4 an hour for the first 40 hours a week that she works and $6 an hour for every hour beyond 40 hours per week.Mac gets $5 an hour no matter how many hours he works.Each has 110 hours per week to allocate between work and leisure.Each has a utility function U = cr, where c is expenditure per week on consumption and r is hours of leisure per week.Each can choose the number of hours to work.If Wendy works W hours and Mac works M hours, then

Wendy and Mac Work in Fast-Food Restaurants