Beth has 80 hours per week to devote to working or to leisure. She is paid an hourly wage and can work at her job as many hours a week as she likes The following graph illustrates Beth's weekly Income-leisure tradeoff. The three lines labeled BC, BC, and BC, illustrate her time allocation budget at three different wages; points A, B, and C show her optimal time allocation choices along each of these constraints. ? BC) 1200 BC2 720 INCOME (Dollars) ---- BC 400 -- > 1 30 35 40 LEISURE (Hours) For each of the points listed, use the preceding graph to complete the following table by indicating the hourly wage at each paint and how many hours per week Beth will spend during leisure activities versus working. Wage Leisure Labor Point (Dollars per hour) (Hours) (Hours) A B Based on the data you entered in the preceding table, use the orange curve (square symbols) to plot Beth's labor supply curve on the following graph, showing how much labor she supplies each week at each of the three wages. 24 RE Based on the data you entered in the preceding table, use the orange curve (square symbols) to plot Beth's labor supply curve on the following graph, showing how much labor she supplies each week at each of the three wages. 24 22 20 Labor Supply 18 16 WAGE (Dollars per hour 12 10 R 6 4 2 O 45 50 55 80 0 5 10 15 20 25 30 35 40 LABOR (Hours) - Suppose that Beth's initial budget line was BC, and that it then changed to BCs; therefore, Beth's optimal time allocation choice shifted from B to C. As a result of this change, Beth's opportunity cost of leisure and she chose to consume leisure. Consequently, in this region, effect dominates the effect. The corresponding portion of Beth's labor supply curve is the