Jen's nonlabor income is V=$30 per week and her total time available in the week is T
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Jen's nonlabor income is V=$30 per week and her total time available in the week is T = 110 hours. Her marginal utility of leisure is MUL = 25/ L0.8, and her marginal utility of consumption is MUc= 5/C0.5. What is her reservation wage? (please keep 1 decimal point).
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