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Problem 1: Suppose each child's total time T is allocated between home time (H) and employment (L = T-H), where H is a normal good. The household has an endowment M. Prior to the policy, the household's optimal decision involves having the child work for some positive hours L. Graphically analyze the impact of the following policy on (a) the well- being and (b) the amount of time spent working, explaining what the graphs show: PART A: A strict upper limit on the number of hours that a child can work. The government enforces a maximum number of hours a child could work, L. Draw the constraint implied by this policy and analyze the impact. The effects will differ depending on the child's initial working hours Lu. Case 1: L;