Question: A representative household maximizes OO Et _ B' [log (Ct+j - 0Ct+j-1) - xhttil j=0 where Ct+j + Kitj = wetjhe+j + +jkt+j-1 + lIt+j-

A representative household maximizes OO Et _ B' [log (Ct+j - 0Ct+j-1) - xhttil j=0 where Ct+j + Kitj = wetjhe+j + +jkt+j-1 + lIt+j- T. 5. Derive (a) the labor supply condition; and (b) the Euler equation with respect to consumption

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