2. A Model with Restrictions on Labor Supply Due to the COVID-19 pandemic, the government prohibited private companies with more than 20 employees from opening more than 30 hours per week. In contrast, before the pandemic, those companies may open up to 60 hours per week. We will study the macroeconomic effect of this type of policy. The consumer chooses consumption c and leisure I to maximize utility uc, 1) subject to his budget constraint: c= w[h -1) + *. The firm has a Cobb-Douglas production function: y=zk"n, 0 li and describe the effect (up, down, no chunge, or ambiguous of this policy on labor input ni, real wage i, total outputy consumption and the utility of the cost b. (7 points) Support insteal that I had describe the efect (up, down, no change or ambition) of this policy on labor input mal was total output consumption and the utility of the consumer ) (6 points in your opinion is this a good policy Brietly one paragraph) explain who you think it is or 't food policy. You can use your answer to (n.) and (b) un refer to considerations that are not included in our model