good2cu asked in Social ScienceEconomics · 10 months ago

Utility Function Question - Economics?

Utility Function: U(C,L) = 10C^1/2(L)

Non Labour Income = 12

Price = 6

Wage = 4

Time = 15

Calculate Utility when L = 12

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  • Oiy
    Lv 6
    10 months ago

    The guy who gave you this HW has no idea of maths and economics.

    • Lv 4
      10 months agoReport

      good reply, the example is written ambiguously, and the other data seems nonindicated in the expression for U

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