For each of the following utility functions, derive the equation for the quantity of A demanded as a function of the price of A, the price of B, and the level of income.
G is the amount of other goods measured in dollars.
Henry has 24 hours per day to devote to work and leisure. Henry has no other source of income and must purchase all his consumption goods with the income he earns. L 3 C where L is the number of hours of leisure that Henry has and C is the number of goods he consumes, measured in dollars. Henry's boss would like for Henry to work more than the number of hours Henry has chosen. Being a nice guy, he thinks that he might get Henry to work more if he raises Henry's wage.