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1.An individual has a utility function of U(C,L)= CL+ 100L.There are 100 hours in a week for work or leisure, and non-labor income is $V

1.An individual has a utility function of U(C,L)= CL+ 100L.There are 100 hours in a week for work or leisure, and non-labor income is $V per week.What is the reservation wage for this individual as a function of V? How many hours will they work as a function of the wage, W , and non-labor income, V?

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