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Problem 4: Time Allocation with Log-Lin Preferences Robinson has preferences described by the utility function...

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Problem 4: Time Allocation with Log-Lin Preferences Robinson has preferences described by the utility function ulc, h) = log c yh, where c denotes consumption and h hours of work. Assume that the total number of available hours is equal to one so that l+h=1. The production function is y = Ah, with 0

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