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3. Assume that U(C , L ) = U(C ) V (L ), which of the following must be true? a. U Should be upward

3. Assume that U(C , L ) = U(C ) V (L ), which of the following must be true? a. U Should be upward sloping and concave b. U should be upward sloping and convex 0. Labor supply would be U'(C )/V' (L) = w (1. There would be no substitution effect

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