Suppose that an individual has a utility function given by the Cobb-Douglas form U = Y.3 l.7, where Y and l represents income and l represents leisure. There are 24 hours in the day toallocate between work and leisure, with non-labour income of 120 per day. a) Calculate the reservation wage, noting the necessary condition required for the individual to supply their labour onto the market. b) Comment on how changes in non-labour income impact the reservation wage and illustrate this problem on a graph, considering the case of when leisure is a normal and inferior good. c) Attitudes towards working from home have been largely debated since the start of the pandemic, and with the recent emergence of technology to aid work from home, it's become increasingly important to consider commuting costs both as an employer and employee. Discuss the impact of commuting costs on the reservation wage for both those initially participating in the labour market and on those who are not participating.