6-9 A consumer allocates a fixed amount of time to labor and leisure. He derives satisfaction from the time he retains as leisure, L, and...

6-4 The long-run cost function for each firm that supplies Q is C= -4 +8q. Firms will enter the industry if profits are positive and...

6-1 Two hundred consumers derive utility from the consumption of two goods. Each has the utility function U = 10 +5 +. Each has a fixed...