Consider the following labor-leisure choice model. U(C,L) = C2/3L1/3

C = wN + -T

H= N+ L Where

C: consumption

L: leisure

N: hours worked

H = 50 : total hours

w = 4 : hourly wage

= 20 : non-labor income T = 10 : lump-sum tax

If the hourly wage changes to w = 5.

Perform a decomposition and fill in the table

N C L

Substitution Effect

Income Effect

Total Effect