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For a household with a utility function: U(x,L) = x^()L^(1) where x is a consumption goods and L is leisure solve the utility maximisation problem.
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For a household with a utility function:
U(x,L) = x^()L^(1) where x is a consumption goods and L is leisure solve the utility maximisation problem. Assume that the endowment of
(a) the Walrasian demand for consumption good x given its price p and the wage rate w.
(b) the supply of labor given p and the wage rate w.
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