Exercise 5 You are willing to work up to 80 hours a week. You make $10(B + 1) an hour, where B is the second-to-last digit of your Student ID#. 1. Define and graph your budget set in terms of leisure (equal to non-worked hours) as good 1 and money spent on every other good as good 2. 2. Assume that above 40 hours per week you get an overtime hourly rate of $16(B+1) per hour. Define and graph the new budget set. 3. Assume that in addition to the over-time rate you also have $200(B+1) in your checking account. Define and graph the new budget set. 2 Exercise 5.5* (from unanswered class questions): A consumer has $m that it can use to buy food (good 1) and non-food (good 2). The price of food is p and the price of non-food is p2. The government has instituted a food stamps program that grants the consumer $s in food stamp money, where s