Who would works the most hours also how much

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jenny has preferences given by the utility function U(C,L)=C^2L so that the slope of her indifference curve is -c/2L. Johnny has utility function U(C,L)=CL so slope of his indifference curve at any point is -C/L

1. which of them has the stronger prefrence for consumption over lesuire?

2. they both can earn 10$ an hour they both have non-labor income of 300$ per week and they have 110 hours per week of non sleeping time. Who would works the most hours also how much do each of them make per week?

Reference no: EM1354184

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