Question: An individual utility function is given by U(c,h) = ch, where c represents consumption during a typical day and h hours of leisure enjoyed during
An individual utility function is given by U(c,h) = ch, where c represents consumption during a typical day and h hours of leisure enjoyed during that day. The real hourly market wage rate the individual can earn is w = $20. At the point at which this individual maximizes her utility level she works how many hours?
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