Question: U (c, ) = log(c) + log() 1. Assume the consumer faces a wage rate of w and consumption price P . She also has

U (c, ) = log(c) + log() 1. Assume the consumer faces a wage rate of w and consumption price P . She also has one unit of available time to spend working or resting. Their budget constraint is P c = w (1 ) . Solve for the consumer's optimal choice of consumption and hours worked

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