100% satisfaction guarantee Immediately available after payment Both online and in PDF No strings attached
Previously searched by you
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.$4.59
Add to cart
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.
20 views 0 purchase
Course
Applied Microeconomics - ECS3708 (ECS3708)
Institution
University Of South Africa (Unisa)
Book
Intermediate Microeconomic Theory
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 ...
Intermediate Microeconomic Theory; ECO4010 final exam review questions with verified solutions
ECS3708 Assignment 03 semester 1 2024
All for this textbook (3)
Written for
University of South Africa (Unisa)
Applied Microeconomics - ECS3708 (ECS3708)
All documents for this subject (7)
Seller
Follow
BMZAcademy
Reviews received
Content preview
BMZ ACADEMY
BMZ ACADEMY
@061 262 1185/068 053 8213/0717 513 144
BMZ ACADEMY 061 262 1185/068 053 8213/0717 513 144
, ECS3708/ASSIGNMENT 3/2024
Assignment 03 Semester 01
Applied Microeconomics
ECS3708
Semester 1
Department of Economics
This tutorial letter contains Assignment 3 Questions.
, BMZ ACADEMY
BARCODE
Question 1
(20)
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.
(a) Find the marginal utility of leisure
(3)
MUL = UIL
BMZ ACADEMY 061 262 1185/068 053 8213/0717 513 144
Page 3 of 19
The benefits of buying summaries with Stuvia:
Guaranteed quality through customer reviews
Stuvia customers have reviewed more than 700,000 summaries. This how you know that you are buying the best documents.
Quick and easy check-out
You can quickly pay through credit card or Stuvia-credit for the summaries. There is no membership needed.
Focus on what matters
Your fellow students write the study notes themselves, which is why the documents are always reliable and up-to-date. This ensures you quickly get to the core!
Frequently asked questions
What do I get when I buy this document?
You get a PDF, available immediately after your purchase. The purchased document is accessible anytime, anywhere and indefinitely through your profile.
Satisfaction guarantee: how does it work?
Our satisfaction guarantee ensures that you always find a study document that suits you well. You fill out a form, and our customer service team takes care of the rest.
Who am I buying these notes from?
Stuvia is a marketplace, so you are not buying this document from us, but from seller BMZAcademy. Stuvia facilitates payment to the seller.
Will I be stuck with a subscription?
No, you only buy these notes for $4.59. You're not tied to anything after your purchase.
