Write down the optimization problem of mauricio

Reference no: EM133552713

Suppose he has 110 hours to split between work and leisure and he has no non-labor income. (a) Write down the optimization problem of Mauricio. (b) Derive Mauricio's optimal choice of consumption and leisure as a function of the wage. (c) What is Mauricio's reservation wage?

Reference no: EM133552713

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