Re: Daily question

Posted by deepti on Mar 07, 2009; 2:51pm
URL: http://discussion-forum.276.s1.nabble.com/Daily-question-tp2328964p2440811.html

4)  MU OF G/MU OF L=PRICE OF G /PRICE OF L

WE GET 2L/3G=1/PRICE OF L


BUDGET EQUATION :PG+WR=W(TOTAL TIME AVAILABLE FOR LEISSURE)


G+WR=10W

2/3RW+WR=10W

R=6

THUS 4 ANY WAGES HE WOULD WORK FOR 4 HRS ONLY