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10 C If this individual has one hour of leisure and spends $6 on consumption, his or her marginal rate of substitution of leisure for consumption is_ . Is this higher or lower than the marginal rate of substitution when he or she enjoys 2 hours of leisure and $4 of consumption? Answer: O -NWAOOVOO CO U =20 Submit Answer U = 10 1 2 3 4 5 6 7 8 9 10 * e If this individual has non-labour income of $5 and a total of 5 hours available to divide between labour and leisure, what is his or her reservation wage equal to? Answer: Submit