Question: N2 Suppose, now, that the production function becomes G= 6L. Show how the feasible set changes. Draw an indifference curve diagram showing the possibility that

Suppose, now, that the production function becomes G= 6L.

Show how the feasible set changes. Draw an indifference curve diagram showing the possibility that the person chooses exactly the same amount of free time for the cases of G=5L and G=6L. Explain the phenomenon in part (ii) in terms of income and substitution effects.

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