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Problem 2 continued c. (5 points) Based on the results obtained above, construct the consumption-leisure optimality condition for low-wage individuals, which should be written as
Problem 2 continued c. (5 points) Based on the results obtained above, construct the consumption-leisure optimality condition for low-wage individuals, which should be written as ... = (1-7, )WIs in which the term in ellipses ("...") is for you to determine. Display the final expression clearly by drawing a box around it. Provide important algebraic steps
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