Question: If John has a CobbDouglas utility function: U = (24 H)'5[wH]'5 , where w is the wage rate and H is the hours of working.

$If John has a CobbDouglas utility function: U = (24 H)\"'5[wH]'5$

If John has a CobbDouglas utility function: U = (24 H)\"'5[wH]'5 , where w is the wage rate and H is the hours of working. The labor supply function of John is OH=241U OH=12w OH=8 OH=12 Show your work

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