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Jack's marginal utility of consumption is MU c = L -38, and the marginal utility of leisure is MU L =C-166.Jack does not have any
Jack's marginal utility of consumption is MUc= L -38, and the marginal utility of leisure is MUL=C-166.Jack does not have any nonlaborincome, i.e.,V = 0. Jack faces a $17 an hour wage rate. Jack's total number of hours available per week is 168.What is Jack's optimalchoice of hours of leisure? (calculate to 2 decimal places)
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