Suppose that the federal government's welfare program pays $5,000 for the first 20 weeks of earnings, and 40% reduction thereafter.If this worker earns 500 dollars per week, assuming 52 weeks per year, answer the questions.

a.Construct the yearly income-leisure constraint both graphically and equations.

b.Compute the break-even level of income and leisure (the level of income that makes the welfare = 0).

c.Compute the level of income when the leisure is 34 weeks.What is amount of earning income and what is the amount of welfare benefit?

d.Compute the level of income when the leisure is 24 weeks.What is amount of earning income and what is the amount of welfare benefit?

e.Compute the level of income when the leisure is 4 weeks.What is amount of earning income and what is the amount of welfare benefit?