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Hi! I need help Answering all parts of this question for my economics of worn and pay class asap 1. (50 points) The following graph

Hi! I need help Answering all parts of this question for my economics of worn and pay class asap

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1. (50 points) The following graph displays a field of budget constraints and indifference curves for Olivia. There are 3 budget constraints (ending at 120, 192 and 264 on the vertical axis) and 3 indifference curves (11, 12 and 13). Using the graph, answer the following questions: Income (per play) Wage (per hour) 264 C 192 B 13 120 12 8 10 16 24 Hours of Leisure (per day) Hours of Work (per day) 1.1 (15 points) What is the wage rate for the budget constraint ending at 120 on the vertical axis? Call this wage 1. What are the wage rates for the 192 and 264 budget constraints? Call them wage 2 and wage 3 respectively. 1.2 (15 points) Calculate Olivia's hours of work given wage rate 1? Call it hl. Calculate her hours of work given wage 2 and wage 3? Call them h2 and h3 respectively. 1.3 (20 points) Using the above information, graph Olivia's labor supply curve on the wage and hours of work graph (Graph NEATLY)? What is the shape of the labor supply curve

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