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S = hours of sleep, L = hours of labor, and C = hours of consumption. The cost of consumption is $ 6 per hour.
S = hours of sleep, L = hours of labor, and C = hours of consumption. The cost of consumption is $ 6 per hour. Labor pays $ 4 per hour. What is the best way to use each 24 hours to maximize: U(S , C) = S ^3\4 C^1/4
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Principles of Economics
Authors: Robert Frank, Ben Bernanke
5th edition
73511404, 978-0073511405
