Consider the figure above and suppose the person has 7 hours per day to divide between...

  

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Consider the figure above and suppose the person has 7 hours per day to divide between labour and non-labour activities: A. If non-labour income is $0.50 per day, this individual will choose hours of work and have $ total income per day. B. If non-labour income changes to $2, this individual has a reservation wage equal to $ day will now be s C. Comparing parts A and B above, the income elasticity of this person's labour is equal to They will work hours of leisure. Their income from labour will be $ (include sign if negative) which is hours and enjoy per day and they will hours of leisure. Their total income per (Enter "1" for elastic, "a for unit elastic, "-1" for inelastic). 10 Y 9 8 7 6 543 2 1 1 2 3 4 5 6 7 8 9 е 10 Consider the figure above and suppose the person has 7 hours per day to divide between labour and non-labour activities: A. If non-labour income is $0.50 per day, this individual will choose hours of work and have $ total income per day. B. If non-labour income changes to $2, this individual has a reservation wage equal to $ day will now be s C. Comparing parts A and B above, the income elasticity of this person's labour is equal to They will work hours of leisure. Their income from labour will be $ (include sign if negative) which is hours and enjoy per day and they will hours of leisure. Their total income per (Enter "1" for elastic, "a for unit elastic, "-1" for inelastic). 10 Y 9 8 7 6 543 2 1 1 2 3 4 5 6 7 8 9 е 10