Question: Suppose a worker's utility function is U(CL) = C2+(2nL)?, where C denotes consumption and L leisure. Let 7 denote time available to split between leisure

Suppose a worker's utility function is U(CL) = C2+(2nL)?, where C denotes consumption and L leisure. Let 7 denote time available to split between leisure and work, w denote the wage rate and V= 0 denote non-labor income (as in the lecture).~ (a) What is the worker's optimal choice of Cand L as a function of w, T, and n?~ (b) What is the worker's reservation wage as a function of T and n

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