Economics question

Question 1 Ann is trying to work out how many hours she should work. For every hour she works she gets 10, she also has some non-labour income of 511 She uses her income to purchase a 'eonsumption good' which costs 1 per unit. She has 24 hours in total to allocate between leisure and lab-our. {a} What is the equation of her budget constraint? Draw her budget constraint in a consumption-leisure diagram. What does this represent? [\"3] {b} On a new consumption-leisure diagram add her (well-behaved) indifference curves. Explain what they represent and identify the optimal choice. What is true about her marginal rate of substitution (MRS) at the optimal choice? Explain. [20] {c} Suppose that her hourly.r wage rate increases to 15., using a diagram and income- substitution effects car'eiiull'jfr explain how this changes the number of hours that she works. [2E]