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Please help! Will venmo extra $5, just put number or tag in answer. Min has a utility function defined over consumption (C) and fun (F)
Please help! Will venmo extra $5, just put number or tag in answer.
Min has a utility function defined over consumption (C) and fun (F) of the following form U = C + CF + F. Min has T hours in the day to either spend working at wage, w, or having fun. She spends all her earnings, and her non-labor income (N) on consumption which costs a dollar a unit.
Using Min's time and consumption constraints write out her full budget constraint
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