Andrea lives in Kingston Ontario and can worThe amount an individual receives from the Canadian Pension Plan (CPP) depends on how much that person contributed up to a monthly maximum amount. Currently, the maximum a retiree can receive is $1306.57, and the average payment is $717.15. Suppose the CPP is changed so that everyone receives the same monthly amount (say, $900). How would this influence labour market decisions of those receiving CPP payments? Carefully explaink as an adjunct professor in the local college if she chooses to work. Andrea has non-labour income of Yn and has T hours to divide between leisure and work. Each hour she chooses to work she makes $W an hour. Assume leisure and consumption are normal goods. Suppose inflation has increased the price of the goods/services Andrea consumes by 10%, but her wage is not increased by her local college. How would that influence her reservation wage and her probability of entering the labour force? Carefully explain with the aid of a consumption-leisure diagram