2. (15 points) Taxes and Labor Supply. Consider Blake who can earn $15/hour and can physically work at most 70 hours per week, 52 weeks a year. a) Draw their annual budget constraint, first under no taxes, then under a flat tax rate of 10% b) Explain what determines whether or not Blake works more or less under the flat tax rate. c) Taxes are typically progressive. What does that mean and how does that relate to notions of equity in taxation? Are Blake's taxes progressive? How do you think Blake's situation compares to that of Jaime (from Question-1) in terms of progressivity