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Rebecca Crusoe is stranded on an island. She catches fish and spends time admiring the ocean view ( leisure ) . Her preferneces and fish
Rebecca Crusoe is stranded on an island. She catches fish and spends time admiring the ocean view leisure Her preferneces and fish catching function are:
Uch ln caln h; yl
where c is consumption, h is leisure, l is her labor effort, and a is a parameter with
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