Consider the function u = cl^2 (c l squared). When the individual works they ear $15...

Consider the function u = cl^2 (c l squared). When the individual works they ear $15 an hour and and have 10 hours per day available for work. They receive non-labour income of $15 regardless of how much they work. What is their optimal choice of work time and consumption of goods? please show all work

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Rahul Sunny answered 2 years ago

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Consider the function u = cl^2 (c l squared). When the individual works they earn $15...

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