Using the income-leisure framework, formally ana- lyze the added worker effect; that is, the impact on the woman's labour supply of an adverse shock to her spouse's job. For concreteness, assume that the woman has a wage rate of $10 per hour, and that her spouse's employer has forced them to take a pay cut of $3, from $20 per hour to $15 per hour, but allowed them to continue working at 40 hours per week (if they wish). Consider two approaches: a. In the first, take the spouse's hours as given, and analyze the household choice over consumption and woman's leisure. b. In the second, focus on the choice of spouse ver- sus woman''s labour supply, allowing both to ad- just their hours, and putting the consumption decision in the background. . Compare the pros and cons of the two approaches. In particular, use the two approaches to compare the impact on the woman's labour supply of un- employment compensation for the spouse equal to $200 per week