Reconstructing Utility from Marginal Utility
An individual's preferences for free time (t) and consumption (c) can be represented by a quasi-linear utility function of the form u(t, c) = v(t) + c. If their marginal utility of free time is constant and equal to 5, provide one specific example of a complete utility function u(t, c) that would be consistent with this preference.
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Introduction to Microeconomics Course
The Economy 2.0 Microeconomics @ CORE Econ
Ch.5 The rules of the game: Who gets what and why - The Economy 2.0 Microeconomics @ CORE Econ
Application in Bloom's Taxonomy
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