Question: Max has a utility utility U=C 2 R 2 and has 90 hours per week to divide between work and leisure. His nonlabor income is
Max has a utility utility U=C2R2and has 90 hours per week to divide between work and leisure. His nonlabor income is $120 per week and he is paid a wage of $20 per hour. How many hours will he choose to work per week?
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