Question: An individual's utility function is given by U = 260x + 310x2+5x- 10x where x, is the amount of leisure measured in hours per week

An individual's utility function is given by U = 260x + 310x2+5x- 10x where x, is the amount of leisure measured in hours per week and x, is earned income measured in dollars per week. Find the values of x and x2 which maximise U. What is the corresponding hourly rate of pay

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