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Continue to Suppose as in the Previous Question That the Utility

Question 14

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Continue to suppose as in the previous question that the utility function for each of the firm's 5 workers is Continue to suppose as in the previous question that the utility function for each of the firm's 5 workers is ,where l is hours worked and w is the wage.Suppose now that the firm can only monitor the total hours worked by the group and pay each worker an equal share of the wage Times the total number of hours.How many hours will each worker choose to work? A) 2 hours B) 4 hours C) 8 hours D) 10 hours ,where l is hours worked and w is the wage.Suppose now that the firm can only monitor the total hours worked by the group and pay each worker an equal share of the wage Continue to suppose as in the previous question that the utility function for each of the firm's 5 workers is ,where l is hours worked and w is the wage.Suppose now that the firm can only monitor the total hours worked by the group and pay each worker an equal share of the wage Times the total number of hours.How many hours will each worker choose to work? A) 2 hours B) 4 hours C) 8 hours D) 10 hoursTimes the total number of hours.How many hours will each worker choose to work?


A) 2 hours
B) 4 hours
C) 8 hours
D) 10 hours

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