Joey's utility depends on consumption (C) and leisure (L). He has 119 hours that he can divide between leisure and work. His utility function is represented by U(C,L) 2 CL From this utility function, you can nd marginal utility of leisure (C) and marginal utility of MUL MUG receives $681 each week from his dad regardless of the number of hours worked. consumption (L). Joey's marginal rate of substitution is %(which is just ). Suppose Joey What is Joey's reservation wage? (Round to nearest hundredth)