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2. Draw a graph showing the utility-maximizing labour and leisure choices for the typical lottery winner described in the Working After Winning the Lottery application

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2. Draw a graph showing the utility-maximizing labour and leisure choices for the typical lottery winner described in the "Working After Winning the Lottery" application (the individual who wins $55,200 and decreases earnings by $1,877/yr). What does this change in work effort indicate about the standard assumption that working reduces an individual's utility level? (Assume the individual's annual income was $16,100 prior to winning the lottery.)2. Draw a graph showing the utility-maximizing labour and leisure choices for the typical lottery winner described in the "Working After Winning the Lottery" application (the individual who wins $55,200 and decreases earnings by $1,877/yr). What does this change in work effort indicate about the standard assumption that working reduces an individual's utility level? (Assume the individual's annual income was $16,100 prior to winning the lottery.)

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