2 (60 ) Eason has 24 hours of time every day He can allocate the 24 hours on work or on leisure (R) If he works, he can make $10 every hour In addition to the income he earns from working, Eason also gets $60 from his parents every day He uses his income to consume the consumption good (G) The price of G is 5 His utility function is U G 2 R (A) (10 ) Draw Eason's budget constraint on a diagram with R on the horizontal axis and G on the vertical axis What is the slope of his budget constraint (B) (10 ) In part (A), what is Eason's optimal choice of R and G (C) (10 ) Suppose that Eason hourly wage decreases from $10 to $5 What are his optimal R and G now (D) (30 ) Consider the wage change from part (B) to part (C) (that is, the wage decreases from 10 to 5 Find the pure substitution effect, the ordinary income effect, and the endowment income effect of R due to this change in wage Specifically, write the four budget constraints that are needed to find the answers, and the corresponding optimal choice of each budget constraint Additional info To try to solve This question ,please read the Book Intermediate Microeconomics Hal R Varian which chapter 9 Buying and Selling is the knowledge source of this question I don't know how to solve the question 2(D),please

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2. (60%) Eason has 24 hours of time every day. He can allocate the 24 hours on work or on leisure (R). If he works,

2. (60%) Eason has 24 hours of time every day. He can allocate the 24 hours on work or on leisure (R). If he works, he can make $10 every hour. In addition to the income he earns from working, Eason also gets $60 from his parents every day. He uses his income to consume the consumption good (G). The price of G is 5. His utility function is U=G²R.

(A) (10%) Draw Eason's budget constraint on a diagram with "R" on the horizontal axis and "G" on the vertical axis. What is the slope of his budget constraint?

(B) (10%) In part (A), what is Eason's optimal choice of R and G?

(D) (30%) Consider the wage change from part (B) to part (C) (that is, the wage decreases from 10 to 5. Find the pure substitution effect, the ordinary income effect, and the endowment income effect of R due to this change in wage. Specifically, write the four budget constraints that are needed to find the answers, and the corresponding optimal choice of each budget constraint.

Additional info: To try to solve This question ,please read the Book "Intermediate Microeconomics Hal R. Varian" which chapter 9 "Buying and Selling" is the knowledge source of this question. I don't know how to solve the question 2(D),please!!!!!