Question: Consider a worker who chooses how many hours to work, L , given a fixed wage w and a fixed amount of non - labor

Consider a worker who chooses how many hours to work, L, given a fixed wage w and a fixed
amount of non-labor income M. The workers utility depends on leisure (HL) and consumption
C, where H is the total available time in a day. The utility function is:
U (C, L)=()0.50.5

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