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...Confirming pages mathematical appendix some standard models in labor economics this presents the mathematics behind of basic econom ics none material is required to follow discussion text but it does provide additional insight students who have ability particu lar calculus and wish see derived a more technical way because discusses economic intuition various depth presentation focuses solely on details neoclassical leisure model chapter suppose an individual has utility function u c l where consumption goods measured dollars hours partial derivatives are s budget constraint given by w t v total available time period under analysis assumed constant wage rate other income note that equation can be rewritten as wt wl full gives how much money would if he or she were work every hour spent either rewriting shows each requires expenditure hence price maximization subject problem we solve maximizing lagrangian max bor app indd am lagrange multiplier first order conditions last condition simpl...