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Question 4. Suppose that the representative household's utility function is given by U(c, () = In(c) + In(() Where c is consumption, ( is leisure,

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Question 4. Suppose that the representative household's utility function is given by U(c, () = In(c) + In(() Where c is consumption, ( is leisure, and 1/6 E R is a parameter that determines how much the representative household values consumption versus leisure. Let h be the total time endowment, w the wage,

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