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Katie has 75 hours per week to allocate to leisure or work. She has a job that pays $30 per hour, shehas $150 nonlabour income

Katie has 75 hours per week to allocate to leisure or work. She has a job that pays $30 per hour, shehas $150 nonlabour income per week and the price of the (composite) consumption good is p=$1.Her preferences are given by U(C,L) = C L. Katie's reservation wage is

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