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Problem 2 continued (NOTE: IF THE RESULT(S) IN PART E ARE INCORRECT, IT MAY BE DIFFICULT, IF NOT IMPOSSIBLE, TO AWARD ANY POINTS FOR THE

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Problem 2 continued (NOTE: IF THE RESULT(S) IN PART E ARE INCORRECT, IT MAY BE DIFFICULT, IF NOT IMPOSSIBLE, TO AWARD ANY POINTS FOR THE ENSUING PART F.) f. (7 points) In the ONE SINGLE consumption-leisure diagram below, clearly sketch the result(s) obtained in part e. (Note: The qualitative diagram may be awarded ZERO points if it is not clearly and carefully labeled.)

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