Problem 1 (40 points): A workers utility function is U = Calla where: o C is consumption 0 l is leisure time and total time is normalized to 1 (so i is proportion of time spent not working) 0 a is an exogenous parameter and 0 0, on each worker that cannot be avoided. What is the new budget constraint? (3 points) g. Graph the new budget constraint from part e. under the assumption that T > A. As before, put C on the y-axis, I on the x-axis, and label the key points (x intercept, y intercept, slope, and any other important points). What is the main difference between this constraint/figure and the one from parts a. and b.? (hint: think about the max amount of leisure that is feasible) (8 points, more space on next page)