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See picture for question 2. Suppose a typical income leisure constraint. The wage rate for a typical consumer is $20 per hour, and she works

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2. Suppose a typical income leisure constraint. The wage rate for a typical consumer is $20 per hour, and she works 10 hours per day. Assume there are 7 days a week and this consumerworks 5 days a week. 0. Construct a weekly income-leisure constraint for this consumer. Graphically show the optimal workleisure choice for this consumer. b. Assume that the wage rate is increased to $25 per hour. Assuming substitution effect dominates, graphically show a new possible workleisure choice for this consumer. c. Suppose that the government considers an income supplement program for this consumer. Assuming holding all of the assumptions given in #b, is it a good policy for the economy in general for this society? Explain it with the relevant economic theoretical justications

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