The functional form implies that cindys marginal rate of

Reference no: EM13460446

Cindy gains utility from consumption C and leisure L. The most leisure she can consume in any given week is 168 hours. Her utility function is U(C,L) = C × L. This functional form implies that Cindy's marginal rate of substitution is C / L. Cindy receives $630 each week from her great grandmother - regardless of how much Cindy works. What is Cindy's reservation wage?

Reference no: EM13460446

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