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Can someone please answer these questions fully for my economics of poverty class? Thank you so much in advance 4. (10 points) Labor supply. (a)

Can someone please answer these questions fully for my economics of poverty class? Thank you so much in advance

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4. (10 points) Labor supply. (a) (b) Assume Jamaal can work up to 60 hours per week at a rate of $10 per hour, and that. because of a government subsidy, Jamaal has $200 in unearned income per week. Draw Jainaal's budget constraint showing how much Leisure (L) and Consumption (Y) he can have. Label both axes with values and titles. Call this Line A. Assume. that Jamaal is a leisure lover and at his preferred bundle he works for 10 hours. Label this point A and draw an iudi'erence curve for this bundle labeled U14. How much does he earn? Now assume that the cost of child care for Janiaal's daughter is $100 per week which he pays only if he works any hours > U. Redraw his budget constraint on the same graph and label it Line B. 1W hat effect will this cost likely have on the amount of labor Jamaal. supplies assuming both consumption and leisure are normal goods? Talk about this in terms of income and substitution effects. If Jamaal preferred to work 10 hours in the case of no child care costs, how many hours do you think he will work now'? Now assume that Jamaal's employer is willing to pay $3.33 of Jamaal's child care expenses for ever_v hour he works. but only if he works 30 hours or more. Now readraw Jamaal's budget constraint and label it clearly as Line C. Given what you drew for your previous indifference curves! how do you think this will affect .lainaal's consumption of Leisure and Market- Goods'? 'Wili he work more, less or the same? Explain why

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