Economics Homework Help
Economics Homework Help. Economics Quick
Consider the following Labour-leisure choice model.
U(C,L)=[C^2/3][L^1/3]
Total Hours N=40
Labour Hours N^S=H-L
None-labour income: Pi=100
Lump sum tax: T=50
Hourly wage w=10
What is optimal N^s?
a)15
b)30
c)25
d)10
e)none
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