Question 9 | [10 marks, max 200 words] Consider Alexei who makes $1,400 per week and just won a 'set for lite' lottery ticket which involves a fortnightly payment of $10,000 for 20 years. Currently he works 35 hours per week. Now do the following: 0 illustrate the effect of the lottery win on Alexei's budget constraint using a. fully labelled diagram where i} the horizontal axis represents the hours of free time per week, and ii) the vertical axis represents Alexei's weekly consumption. 0 Illustrate on the same diagram Alexei's optimal decisions before and after the lottery win along with his indifference curves. 0 Based on your diagram discuss whether Alexei will quit his job. Question 10 | [10 marks, max 200 words] Is the lotter a fair way to allocate economic resources? Discuss, referring to both of the following: 0 procedural judgements of fairness 'I substantive judgements of fairness