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Business, 17.03.2020 00:03 patrickwilson

Henry has a utility function u(c, l) = √ c + 5√ l. He has two sources of income, salary from working and dividend income from investing his saving in the stock market. His budget constraint is c ≤ w(1 − l) + π.

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Henry has a utility function u(c, l) = √ c + 5√ l. He has two sources of income, salary from working...
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