Individual receives daily government transfer benefits

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An individual utility function is given by U(c,h) = c·h, where c represents consumption during a typical day and h hours of leisure enjoyed during that day. The real hourly market wage rate the individual can earn is w = $20. This individual receives daily government transfer benefits equal to n = $100. At the point at which this individual maximizes her utility level she works how many hours? (NOTE: Write your answer in number format, with 2 decimal places of precision level; do not write your answer as a fraction.). Show all steps.

Reference no: EM131082035

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