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1. 25 POINTS The representative consumer has the following utility function: U(c,l) =alnc+ (1 a)lnl Where c is the consumption good, l is the leisure

1. 25 POINTS The representative consumer has the following utility function: U(c,l) =alnc+ (1 a)lnl Where c is the consumption good, l is the leisure hours, and a is a parameter with 0

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