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Calculating additional income using utility function

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The utility function of a worker is represented by U(C,L) = C X L, so that the marginal utility of leisure is C and the marginal consumption is L. Suppose this person currently has a weekly income of $600 and chooses to enjoy 70 of leisure per week. How many additional dollars of income would it take to entice the worker to work 10 more hours?

Reference no: EM1316794

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