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In any given week, Mla receives satistaotlon only trom the consumptlon of goods and from the consumption of leisure L, which Is measured in hours.

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In any given week, Mla receives satistaotlon only trom the consumptlon of goods and from the consumption of leisure L, which Is measured in hours. Obviously, Mia consumes many different types of goods, but for simplicity we aggregate the dollar value of all the goods that she consumes during the week and call it C. Assume that if Mia chooses to work, the hourly wage rate is w =5 and she has to sleep 8 hours per day. Potentially, if she wants, she can work up to 5 days a week, Call L Mia's weekly leisure time, where L is all the hours during the 5-day workweek during which Mia is neither working nor sleeping. Mia's utility is given by u(C, L) = CaLl'\

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