Find the optimal quantity of labor supplied by a consumer
Find the optimal quantity of labor supplied by a consumer who has a utility function for leisure (l) and “goods” (y) of U(l,y)=ln(l)+ln(y) , no non-labor income, a wage of 10, and 2000 hours of time.
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find the optimal quantity of labor supplied by a consumer who has a utility function for leisure l and ldquogoodsrdquo
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