Question: Max has a function utility U=CR 3 andhas 100 hours per week to divide between work (L) and leisure (R). His nonlabor income is $40

Max has a function utility U=CR³andhas 100 hours per week to divide between work (L) and leisure (R). His nonlabor income is $40 per week and he is paid a wage of $10 per hour. How many hours will he choose to work (L) per week?

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