The utility function of a worker is represented
by U(C,L) = C x L. The marginal utility of leisure is then given by
MU
L = C and the
marginal utility of consumption is given by MU
C = L. Suppose that this person
currently has a weekly income of $600 and enjoys 70 hours of
leisure per week. How many additional dollars of income would it
take to make this individual give up 10 hours of leisure time (and
remain equally happy)?

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