Irene earns 8 dollars an hour. She has no nonlabor income. She has 30 hours a week available for either labor or leisure. Her utility function is U(c, r) = cr², where c is dollars worth of goods and r is hours of leisure. How many hours per week will she work?

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The Answer of Irene earns 8 dollars an hour. She has no nonlabor income. She has 30 hours a week available for either labor or leisure. Her utility function is U(c, r) = cr², where c is dollars worth of goods and r is hours of leisure. How many hours per week will she work?

Irene Earns 8 Dollars an Hour