Question: Exercise 3 - 40 pts Consider an economy with representative consumer that has preferences over consumption c and labor / given by the utility function:

 Exercise 3 - 40 pts Consider an economy with representative consumer

that has preferences over consumption c and labor / given by the

Exercise 3 - 40 pts Consider an economy with representative consumer that has preferences over consumption c and labor / given by the utility function: CY I,70,y

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