8. Assuming a 24 hour day, a potential wage rate of $10fhour and no unearned income, the marginal rate of substitution for a person with a utility function U=(C-10)(L6) when L= 16 1s a. 10 b. 6 c. 60 d. 23 e. 24 9. What is the minimum wage a person with utility function U=C(L-6) would need to just consider working at a one-day job? a. $6 per hour $24 per hour $10 per hour Any job that pays a non-zero wage Cannot be determined with the information given yup-99' 10. How many hours per day will a person with a utility function U=CL facing a $10 per hour wage work? a. 24 b. 12 c. 10 d. 6 e. None of the above