art An individual can earn $12 per hour if he or she works. Assume that a person can work at most 24 hours per day times 30 days per month for a total of 720 hours. Thus, the axis intercepts, in the absence of any program, are 720 * $12 = $8,640 in consumption and 720 hours of leisure. Scenario: Suppose that a new welfare program is introduced where the government guarantees $600 per month in income and reduces the benefit by $1 for each $1 of labor income. Below are the budget constraints that show the monthly income-leisure trade-off. Monthly income A $8.640 E F B $600 0 P 720 Leisure (hours) Question 11 of 13 2 Points Click to see additional instructions Given 30 hours of work and a 40% reduction rate, calculate his total income. $ Note) to get full points, you must show your calculation in the next