1. The individual's utility function has the following form: U(C,L)=5+C3L? Here C' indicates the consumption good and L the leisure. The individual has non-labour income
1. The individual's utility function has the following form: U(C,L)=5+C3L? Here C' indicates the consumption good and L the leisure. The individual has non-labour income R and Lg hours that can be used to work (h) or leisure. P =1 is the numeraire. (a) Derive the Marshallian labour supply h*
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