Homework Helpers

Custom Academic Papers

100% Original, Plagiarism Free, Customized to your instructions!

(5 points) This question studies the representative consumer’s trade off between current and future leisure (or current and future labour supplied)….

(5 points) This question studies the representative consumer’s trade off between current and future leisure (or current and future labour supplied)….

2. (5 points) This question studies the representative consumer’s trade off between current and future leisure (or current and future labour supplied). To simplify we abstract from consumption choices by assuming that current consumption (C) and future consumption (C) are set to some pre-determined values denoted C and C’. In other words, we assume C = C and C’ = C’.Suppose that the representative consumer’s lifetime budget constraint1 can now be written as                                                         w (h-l)+ (w(h-l’)/1+r) + 25 = 0. The consumer takes w,w’, and r as given. (a) Suppose that you wanted to represent the constraint above in a diagram where l’ is measured on the vertical axis and l is measured on the horizontal axis. Use calculus to find the slope of the constraint that would appear in your diagram (you do not actually have to draw the diagram)PS: I think the answer is to rearrange the equation into y=mx+b (y=l’) (x=l), the answer should look something like this, -w(1+r)/w’

Students are often burdened with the task of writing essays. They need to master various academic topics, understand how to integrate facts and arguments, and organize all of this information in a clear and logical way. This is not an easy task for many students. But fear not! We’ve got your back. Here at MoreEssays.com, we offer professional academic help that can take on all these tasks on your behalf. All you need to do is fill out the Order form with your paper’s details, and we will get started on it right away!

Click Here to get this paper done within your deadline 

Can't find what you are looking for?

Post your question on MoreEssays and get help from one of our expert tutors in topics ranging from mathematics to rocket science!