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d) [8 points] Consider the graph below, which shows an individual's budget constraint with and without a transfer program. $ of consumption per year 20,000

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d) [8 points] Consider the graph below, which shows an individual's budget constraint with and without a transfer program. $ of consumption per year 20,000 15,000 5000 2000 Hours of leisure per year Based on the graph above, what are each of the following? You do not need to show your work to receive full credit; however, we can only award partial credit if you do show your work. (i) the individual's wage rate (ii) the amount of transfer the individual gets if not working (iii) the benefit reduction rate (iv) the break-even hours of leisure

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