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PART A). John Fabrique's utility function is U=B^1/3*L^2/3. He can work 24 hours a day and...

PART A). John Fabrique's utility function is U=B^1/3*L^2/3. He can work 24 hours a day and earn w coins an hour. He uses his salary to buy bowls of bananas. Bowls of bananas are represented in his utility function as B and leisure is represented as L. Find Johnny's labor supply function.

PART B). Dave Fabrique's utility function is U=Min(B,0.5L). He can work 25 hours a day and earn w coins an hour. He uses his salary to buy bowls of bananas. Bowls of bananas are represented in his utility function as B and leisure as L. Find Dave's labor supply function.

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