Gertrude has a utility function of the form: u(c,l) = En(c) + 511M!) Suppose that her current bundle is (10, 0.4}. At this bundle, how many units of the consumption good would you need to give Gertrude for her to part away with one unit of her leisure time such that she is at least as happy as before? Firm ABC has a production function of the form: Y = 100N0-3 Suppose that the real wage is 5. How many units of labor should firm ABC hire? Most of women with post graduate degree stays in the labor force throughout their working age. We can explain this by 0 both an income effect and a substitution effect and substitution effect dominates. O a substitution effect only? C) an income effect only. 0 both an income effect and a substitution effect and income effect dominates