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Assume that Hap's utility function is U (C,L) = CM * L where C is consumption measured by total income and L is leisure and

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Assume that Hap's utility function is U (C,L) = CM * L\" where C is consumption measured by total income and L is leisure and is a normal good. Total income is labour income and non-labour income. He has 3; = $20 non-labour income and a total of 40 hours to allocate between work (consumption) and leisure at the market wage rate of w = $6 per hour. (Hint: marginal utility of leisure arid consumption are MUL = 0.6 t if\" at C "-4 and MUc = 0.4 i I.\" )k 6"\

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