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Can leisure be inferior for a person with a fixed factor Leontief .pdf

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Can leisure be inferior for a person with a "fixed factor" Leontief utility function? This is a utility function such that the person gains satisfaction (utility) from the composite good (C) and Leisure (L) when consumed in equal amounts. That is a utility function such that increasing L holding C constant provides no extra utility, or likewise, increasing C holding L constant provides no additional utility. Prove your answer by drawing the appropriate diagram..

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Can leisure be inferior for a person with a "fixed factor" Leontief utility function? This is a utility function such that the person gains satisfaction (utility) from the composite good (C) and Leisure (L) when consumed in equal amounts. That is a utility function such that increasing L holding C constant provides no extra utility, or likewise, increasing C holding L constant provides no additional utility. Prove your answer by drawing the appropriate diagram.

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Can leisure be inferior for a person with a fixed factor Leontief .pdf

  • 1. Can leisure be inferior for a person with a "fixed factor" Leontief utility function? This is a utility function such that the person gains satisfaction (utility) from the composite good (C) and Leisure (L) when consumed in equal amounts. That is a utility function such that increasing L holding C constant provides no extra utility, or likewise, increasing C holding L constant provides no additional utility. Prove your answer by drawing the appropriate diagram.