Solve for consumption and leisure as a function of a

Reference no: EM13244311

max c,l,h {ln(c)+μ ln(l)}
subject to the budget constraint: c=a+(1-T)wh
and the time constraint: l+h=1
let μ>0. T<1 is a tax on labor income

SOLVE for consumption (c) and leisure (l) as a function of w,μ, and a

Reference no: EM13244311

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