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What will beakua marginal rate of substitution

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Reference no: EM132812903

Akua gains utility from consumption C and leisure L. The most leisure she can consume in any given week is 110 hours. Her utility function is U (C, L) = C × L. Akua receives 660 GHS each week from her great-grandmother-regardless of how much she works.

a. What will beAkua's marginal rate of substitution.

b. What will be Akua's reservation wage? (Explain in detail)

Reference no: EM132812903

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