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My original wage is $15/hr, and I currently work 8 hours a day.I just received a contract where I get my original wage, but I
My original wage is $15/hr, andI currently work 8 hoursa day.I just received a contract where I get my original wage, but I get$20 for any work past 8 hoursI work in a day.Draw my original budget constraintfor leisure and consumption (label intercepts, etc.), and draw anindifference curve that shows my choice to work 8 hours.Then draw thenew budget constraint and a new indifference curvethat shows meworking more.
In your written submission, draw the graph described above.You do not need to enter anything in the text field for this question.
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