Question: Sarah is awake for 100 hours per week. Using one diagram, show Sarahs budget constraints if she earns $6 per hour, $8 per hour, and

Sarah is awake for 100 hours per week. Using one diagram, show Sarah’s budget constraints if she earns $6 per hour, $8 per hour, and

$10 per hour. Now draw indifference curves such that Sarah’s labor-supply curve is upward sloping when the wage is between $6 and $8 per hour, and backward sloping when the wage is between $8 and $10 per hour.

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