Question: The figure below plots the interaction between a landowner (Bruno) and farmer (Angela). IC1 refers to Angela's initial reservation indifference curve, and IC2 to her

The figure below plots the interaction between a landowner

(Bruno) and farmer (Angela). IC1 refers to Angela's initial reservation

indifference curve, and IC2 to her reservation indifference curve following the introduction of a new legislation.

It is Bruno who makes a take-it-or-leave-it offer, and Angela who either accepts or rejects it. If she rejects the offer, both players must content themselves with their reservation options.

Assuming that Angela's current reservation indifference curve is IC1

and Bruno uses microeconomic concepts and calculations, how many hours would he ask Angela to work? Why?

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