Please answer all subquestions, please answer as much as you can. Thank you so much!!

2. The income tax schedule in the country of Utopia is as follows: the tax rate on the first $100,000 of yearly income is zero; the marginal tax rate on each additional dollar earned is 35% a) Draw the budget constraint for a typical Utopian worker with a wage of $50 per hour, and who has in total T hours to allocate between work and leisure in the course of the year. Make sure to label your graph carefully. b To stimulate employment, the government is thinking about lowering the marginal tax rate on earnings above S100,000 to 25%. Draw the new budget constraint implied by this reform. What effect will this have on the labor supply of workers who, prior to the reform earned less than S100,000? What effect will this have on the labor supply of workers who, prior to the reform, earned more than $100,000? Use a graph to explain your answer. c Instead of the reform in part b), the government ultimately decides to change the tax brackets, so that earnings up to $120,000 are not taxed, and every additional dollar of earnings is taxed at a 35% marginal tax rate. What effect will this have on the labor