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5) Assume that H = number of hours of leisure and C = consumption of other goods: and w = wage rate and p= price
5) Assume that H = number of hours of leisure and C = consumption of other goods: and w = wage rate and p= price of the other good. Suppose utility function of this consumer is represented as U (H. C) = H + C \"'5. Derive demand equation for leisure H(p,w). and consumption good C (33.14:)
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