Question: Assume Zo's utility function is (,)= where is consumption measured by her total income and L is leisure. Total income is labour income and non-labour
Assume Zo's utility function is (,)= where is consumption measured by her total income and L is leisure. Total income is labour income and non-labour income. She has =$400 non-labour income and a total of 150 hours to allocate between work (consumption) and leisure at the market wage rate of =$10 per hour
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