Consider the maximization problem ucl subject to pc wl wt


consider the maximization problem u(c,l) subject to pc + wl = wT + Y, where c is consumption, l is leisure time, T is total time endowment, and Y is non-wage income. prove that if leisure is an inferior good then the labor supply function is upward-slopping.

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Econometrics: Consider the maximization problem ucl subject to pc wl wt
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