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U(C,N)=in(c+80)+in(n+8) Describe Alfred. C consumption. N leisure hours. Alfred work16h. Sleep 8h. A's wage be w. The budget constrain is c=wh. H total number A
U(C,N)=in(c+80)+in(n+8)
Describe Alfred. C consumption. N leisure hours. Alfred work16h. Sleep 8h. A's wage be w. The budget constrain is c=wh. H total number A works. C=Y
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