Question: 2. Given the information in the table below, graph the budget constraint (depicted for w $6/hr, where h is hours of leisure per day and

2. Given the information in the table below, graph the budget constraint (depicted for w

$6/hr, where h is hours of leisure per day and M is income per day). Find and graph the new budget constraint (income per day M

) for w $12/hr. How do the slopes of the two budget constraints compare, and why?

h M M' 0 144 6 108 12 72 18 36 24

h M M' 0 144 6 108 12 72 18 36 24 0

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