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Suppose That Utility Over Consumption and Leisure Takes the Constant

Question 16

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Suppose that utility over consumption and leisure takes the constant elasticity of substitution form Suppose that utility over consumption and leisure takes the constant elasticity of substitution form .If falls between 0 and -1, then the labor supply curve is backward bending. .If Suppose that utility over consumption and leisure takes the constant elasticity of substitution form .If falls between 0 and -1, then the labor supply curve is backward bending. falls between 0 and -1, then the labor supply curve is backward bending.

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