=+. Consider your weekly decision of how much to work, and suppose that you have 60 hours
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=+. Consider your weekly decision of how much to work, and suppose that you have 60 hours of available time to split between leisure and work. Suppose further that your tastes over consumption and leisure can be captured by the utility function u1c,,2 5
c, and that your market wage is w 5 20 per hour.
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Related Book For
Microeconomics An Intuitive Approach With Calculus
ISBN: 9781337335652,9781337027632
2nd Edition
Authors: Thomas Nechyba
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