3. Consider an individual's decision to work for pay in the market. a. Using a carefully labeled diagram that shows the choice between income and weekly hours of leisure, illustrate the wage at which this individual would be just indifferent between working in the market for a positive number of hours, or not working in the market at all. Label this wage WR. b. Suppose the government offered to pay $b to individuals who are not working. Illustrate the effect of this benefit in your diagram and show how it would affect WR. c. How would you expect this benefit to affect the labour force participation rate? Does your answer depend on any assumptions about preferences? Explain and illustrate.