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utility function:
u(c,l) =min{c,l /2},
where c is quantity of consumption and l is the quantity of leisure.
It gives rise to these demands for consumption and leisure

c=Y/(p_c+2w)

l= 2Y/(p_c+2w).
where Y is the money value of the agent’s endowment, p_c is the price of consumption, and w is the price of leisure.

1There are 8400 hours in the year, and the agent has neither dividend income nor any tax obligations. What is the money value of the agent’s endowment?我的答案是8400w（应该没错）
2 Derive the labor supply curve.
请看看我的答案对不对

N: number of hours worked

N=8400-l=8400- 2Y/( p_c+2w)

Y=8400w

Thus N=8400p_c/(p_c+2w)

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关键词：consumption Obligations Obligation Endowment Quantity 请教