Question 2. (Benjamin et al, Chapter 2. \"Labour Supply") Consider two individuals with endowments of T= 60 hours {per week] of leisure, nonlabour inoome of Y, and a wage of $150 per hour. At this wage, assume that workers are oonstrained by their employers to work 4i) hours per week, or not at all. a} On mrefully labelled diagrams. show the equilibrium for a worker for whom til] hours is the optimum labour supply and a worker who would like to work 50 hours, but still prefers the 40-hour week to not working at all. Compare the marginal rates of substitution for these individuals at 40 hours per week. b} The average part-time \"moonlighting \"wage is Ell? per hour. in oontrast to $?.5l} wage for full-time workers. By modifying the above model for the individual who prefers to work more than 40 hours a week. provide an explanation for this difference in wage rates