Suppose an individual has a utility function U=C + 2L, where C is the consumption level and L is the leisure hours. Suppose the individual
Suppose an individual has a utility function U=C + 2L, where C is the consumption level and L is the leisure hours. Suppose the individual has 100 hours in total for work and leisure and no non-labor income. The wage rate is 1.75. Which feasible consumption level maximizes the individual's utility? QUESTION 10 O A. 17.5 OB. O O C. 87.5 O D. 175
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