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Kelvin is a self-employed webpage designer. He is thinking of how to allocate his 13 hours. He can spend his time on working or leisure.
Kelvin is a self-employed webpage designer. He is thinking of how to allocate his 13 hours. He can spend his time on working or leisure. Kelvin's marginal benefit of working: 220 - 2n, marginal benefit of leisure = 380 - 4.5 n, where n and m are the hours spent on working and leisure respectively, and both are assumed perfectly divisible. We predict that Kelvin would allocate [ Answer03A ] hour(s) on working and [ Answer03B ] hour(s) on leisure
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