Question: Your utility function for consumption and leisure is u(C, L) = CL, The cost of consumption is $10/unit. You can make $25 working for your

Your utility function for consumption and leisure is u(C, L) = CL, The cost of consumption is $10/unit. You can make $25 working for your Grandfather. You have personal and family responsibilities that leave you 60 hours/week to divide between leisure and work. What is your optimal choice of Consumption, Leisure and Work?

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