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If someone has y=$400 non labor income and a total 150 hours to allocate between work and leisure, w=$10/h. Would his budget constraint be
If someone has y=$400 non labor income and a total 150 hours to allocate between work and leisure, w=$10/h. Would his budget constraint be C=400+(150-L)*10? how to determine the slope of this budget constraint? and how to solve the optimal desired hours of leisure and work? Thanks.