6. (10 points) Leonardo has 24 hours per day that he can allocate to work or leisure. His job pays a wage rate of $20. Leonardo decides to consume 17 hours of leisure. Leonardo 750 - 720 - 690 660 630 - 600 - 570- 540- 510- 480 - 450- 420 - 390 - 360 330 300 270 240- 210 180 150- 120 90 60- 30 a Label the axes. b. Draw Leonardo's time allocation budget line for a typical day, bel this line BI c. Put an X on the budget line at his decision point and draw an point. hisage curve showing this as optimal d. What is Leonardo's daily income Now Leonardo's wage rises to $30. c. Draw Leonardo's new budget line. Label this line B2 I. Put an X on the new budget line at the point that you think Leonardo will now cheese. Any point on the new budget line is fine but read the rest of the question before choosing the point 4. How many hours did Leonardo work each day when the wage was