A worker has preferences given by the utility function π(π,π)=π"π where π is the hours of leisure per day and Y is their spending on purchased goods. 13. If the consumer faces a wage rate of w=30, how much leisure and purchased goods do they consume?
A worker has preferences given by the utility function π(π,π)=π"π where π is the hours of leisure
per day and Y is their spending on purchased goods.
13. If the consumer faces a wage rate of w=30, how much leisure and purchased goods do they
consume? What is the quantity of labor supplied?
14. Suppose the wage increases to w=40. What is the quantity of labor supplied? 
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A worker has preferences given by the utility function π(π,π)=π"π where π is the hours of leisure per day and Y is their spending on purchased goods. 13. If the consumer faces a wage rate of w=30, how much leisure and purchased goods do they consume?
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