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.

Question

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.

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The Answer of 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.

Suppose That Utility Over Consumption and Leisure Takes the Constant