Lagrangian: Labor-Leisure Choice Model

[@Lil_Nezzi]

Life saver, I was going crazy how to solve this without the price of consumption

[@EconomicsinManyLessons]

Awesome to hear that!

[@rowenang6761]

thank you so much! this is very helpful!

[@dannytrejo9976]

Good work

[@apurvap6420]

Can someone please explain what is consumption spending. My teacher just started this without giving any background.
Can someone please suggest a video to understand the concept of this

[@vonwaq]

basically you spend what you earn, assuming no savings unless otherwise stated. so if you work 8 hours making $10/hour, consumption spending would then be $80, which would be the opposite than if you spent the 8 hours fully on leisure

[@dragonthrone01]

Great video!

[@haniajamshaid7634]

thanks it helped me alot

[@josephselwan1652]

thanks

[@asdcsd2682]

good

[@LanteLuthuli]

hi5