Adam sandler has a utility function uclc12l12 the wages now, Ask an Expert

Economics

Adam Sandler has a utility function U(C,L)=C^1/2L^1/2. The wages now available to him are $9/hour and non wage incomes in royalties are $6/day. Find the MUL and the MUC. Find the MRS for leisure to consumption to find the optimal ratio of leisure to consumption. Write out and draw the Budget Constraint for Adam Sandler, assuming he has 24 in which he can work.

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Business Economics, Economics

Category:- Business Economics
Reference No.:- M91572329

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