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Econ 4021B – Winter 2017 Assignment 3 1. (60 marks total) In this question, we modify our two-period endowment economy model to include a consumption-leisure choice (as we had in LN1). In particular, we now assume that household utility is given by u (c1) + v (l1) + ? [u (c2) + v (l2)] , […]
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