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Draw the budget constraint for a representative Canadian woman before the $5.00 a day policy. Assume that she has 10 hours a day to devote
- Draw the budget constraint for a representative Canadian woman before the $5.00 a day policy. Assume that she has 10 hours a day to devote to work or leisure. Assume that prior to the policy change childcare cost $20 a day . Assume both before and after the policy that childcare is a fixed daily cost for workingwomen. Finally assume an hourly wage of $5.00 an hour and $30 a day in nonlabor income. On your budget constraint indicate the point that corresponds to not participating in the labor market. On your budget constraint indicate the point that corresponds to working 8 hours a day. (2 pts)
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