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Please help Joey's utility depends on consumption ((3) and leisure (L). He has 116 hours that he can divide between leisure and work. His utility

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Joey's utility depends on consumption ((3) and leisure (L). He has 116 hours that he can divide between leisure and work. His utility function is represented by war.) = 0L From this utiiity function. you can nd marginal utility of leisure {C} and marginal utility of consumption (L). Joey's marginal rate of substitution is E L MU!\" ]. Suppose Joey receives $669 each week from his dad MU;- regardless of the number of hours worked. {which is just What is Joey's reservation wage? (Round to nearest hundredth} Question 6 n 4' 4 F135 Refer to Scenario 1. How much prot is earned by the rm with a discrimination coefcient of [1.6 against biack workers if there are no other costs? Round your answer to two decimals. Scenario 1 A rm's production function is given by Q = 4i] in{Ew + E5 + t) where Ew and EH are the number of whites and blacks empioyeo by the firm respectiveiy. From this it can be shown that the marginal produot of labor is Suppose the market wage for black workers is $50, the market wage for white workers is 31m. and the price of each unit of output is SZU. Scenario 3 Labor demand and supply are given by w = 50 - 3Ep and w = 10 + Es. Question 28 0 / 7 pts Refer to Scenario 3. What is the equilibrium wage of this market

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