Consider the problem of maximizing u(c,l) subject to pc+wl=wT+Y, where c is consumption, l is leisure time, T is the total time endowment, and Y is non-wage income. Prove that the labour supply function is downward-sloping only if leisure is a normal good.
还是一道英文微观经济题,真心请教各位前辈,如能给出详细解答过程更好,若嫌麻烦,能给出解答步骤也行
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