2. (7 points) The state of Alaska receives enormous revenues from the oil that is extracted from its lands. The state government uses some of these revenues to pay an annual \"dividend\" to every man, woman, and child who has resided in Alaska for at least the past 12 months. In a given year, the size of the payment is exactly the same for every Alaska resident. In 2016, based on the formula used to calculate this dividend in past years, each Alaska resident expected to receive a payment of about $2,000. In a surprise move, however, the governor reduced the 2016 payment to $1,000 per person. Discuss how this unexpected reduction in the size of the 2016 dividend payment would affect the labor supply of Alaskans