suppose that a worker’s utility function is given by the following functions; U=CL/3, where C is weekly consumption and L is leisure measured in hours each week.

suppose that a worker’s utility function is given by the following functions; U=CL/3, where C is weekly consumption and L is leisure measured in hours each week. assume a working week is 5 days and that the working day lasts 8 hours. consider a worker with non-labour income of $50 a week and no other sources of income.
a. determine this worker’s optimal number of weekly hours of work and weekly consumption when his market wage is $5 an hour.
b. what happens to hours of labour supply if non-labour income rises to $400 a week? explain why?
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