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Joe's Lagrangian for utility maximization is L=U(L,X) (w(H)(TL)X) Let L be leisure, X be other consumption and T=L H. Note that Joe's wage varies with
Joe's Lagrangian for utility maximization is L=U(L,X) (w(H)(TL)X) Let L be leisure, X be other consumption and T=L H. Note that Joe's wage varies with the hours he works: w(H)=aH,a>0. Use both a graph and calculus to show how the number of hours he chooses to work depends on his tastes (amount of leisure consumed)
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