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Consider a simple static macroeconomic competitive
equilibrium model, a representative consumers preference is U (c,l) = (1-a) log (c) + a log (1 - N), where 0 < a < 1. and a


7. BONUS QUESTION (10 MARKS). Consider a simple static macroeconomic competitive equilibrium model, a representative consumer
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7. a) At the competitive equilibrium: ...) WN = (1-B) Y = (1-P) At consumer equilibrium: municirati enero de a, (1-) (1-) ac,​​​​​​wsz. ( 3N u From.(3) wsz from ica): C:Y=2.().NAM NALA I-a-B +0B ..c=zit

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