oownnrw Consider the full income budget constraint WT + K; = Y + wt, where: o T is the total amount of time ayailable to allocate to work or leisure o w is the amount of money a person can earn per unit of time spent at work 0 I is the amount of time spent in leisure. What are Y0 and Y? What does the expression on the right hand side of this expression represent? What does the expression on the left hand side of this expression represent? What is the price of leisure? Explain. Draw this budget constraint in Y, I space when K; 2: 0. Using economic terminology, what is the slope of this budget constraint? Using economic terminology, what is the intercept of this budget constraint