Question: Using the model developed in The Economy Unit 3, Section 3.7, consider Alfie who is head barista at a popular caf in Sydney. Prior to

Using the model developed in The Economy Unit 3, Section 3.7, consider Alfie who is head barista at a popular caf in Sydney. Prior to the coronavirus pandemic he had been receiving a wage of $35 per hour.

Assume that Alfie's spending on goods and services cannot exceed his earnings per day. Maximum consumption (c) per day is:

c = w(24 - t)where t = hours of free time per day.

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