Question: please help, thank you 3. Consider the baseline static individual model of labor supply extended to allow for fixed money costs, CM, and fixed time

please help, thank you 3. Consider the baseline static individual model

please help, thank you

3. Consider the baseline static individual model of labor supply extended to allow for fixed money costs, CM, and fixed time costs, CT, of working. a. Find the first order condition that holds for an individual who chooses to work positive hours. Does it differ from the first order condition in the baseline model without fixed costs of working? Interpret this result

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