Grade 26.50 OUL O1 32.UU 183) Question 1 Consider an individual who earns non-labour income equal to YN and is able to work at a wage of Wo. Complete a) Initially, this individual chooses not to work. Draw a graph that reflects this individual's income-leisure constraint, their utility- Mark 3.50 out of 4.00 maximizing indifference curve (Up) and their choice of leisure hours (lo). P Flag b) Assume that this individual is now able to work at a wage of W1 (which is higher than We) and decides to start working. On the question same graph as part a, draw this individual's new income-leisure constraint, their utility-maximizing indifference curve (Uj) and their choice of leisure hours (11). [Note: There are multiple, though similar, ways to draw this graph. Focus on ensuring that the constraint, indifference curves and choices of leisure hours align with the information provided above.] IMG_0058.JPG