2. Given the information in the table below, graph the budget constraint (depicted for w

$6/hr, where h is hours of leisure per day and M is income per day). Find and graph the new budget constraint (income per day M

) for w $12/hr. How do the slopes of the two budget constraints compare, and why?

Transcribed Image Text:

h M M' 0 144 6 108 12 72 18 36 24 0