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ECS3708 Assignment 03 semester 1 2024
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ECS3708 Assignment 03 semester 1 2024
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ECS3708 ASSEMMENT 2 SEMESTER 1 2024 Suppose that the consumer’s weekly utility function for consumption (C) and leisure (L) is explained by: U(C,L)=(C-200)(L-80) 	Assuming that there are 168 hours in a week available to allocate between work and leisure.
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ECS3708 ASSEMMENT 2 SEMESTER 1 2024 
 
Suppose that the consumer’s weekly utility function for consumption (C) and leisure (L) is explained by: 
U(C,L)=(C-200)(L-80) 
	Assuming that there are 168 hours in a week available to allocate between work and leisure. If you earn R5 per hour and you also receive a social grant of R350 each week. 
 
	Consider a firm that uses only labour to produce output Q. If the production function is given as: 
Q=3L^2+1/2 L-3/5 L^3 
	Determine the marginal product ...
Newest Intermediate Microeconomic Theory summaries
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ECS3708 Assignment 03 semester 1 2024
- Exam (elaborations) • 13 pages • 2024 New
-
- $2.80
- 6x sold
- + learn more
ECS3708 Assignment 03 semester 1 2024
-
ECS3708 ASSEMMENT 2 SEMESTER 1 2024 Suppose that the consumer’s weekly utility function for consumption (C) and leisure (L) is explained by: U(C,L)=(C-200)(L-80) 	Assuming that there are 168 hours in a week available to allocate between work and leisure.
- Exam (elaborations) • 19 pages • 2024 New
-
- $4.48
- + learn more
ECS3708 ASSEMMENT 2 SEMESTER 1 2024 
 
Suppose that the consumer’s weekly utility function for consumption (C) and leisure (L) is explained by: 
U(C,L)=(C-200)(L-80) 
	Assuming that there are 168 hours in a week available to allocate between work and leisure. If you earn R5 per hour and you also receive a social grant of R350 each week. 
 
	Consider a firm that uses only labour to produce output Q. If the production function is given as: 
Q=3L^2+1/2 L-3/5 L^3 
	Determine the marginal product ...
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