Consider Angela who currently works as a data scientist with machine learning expertise. Recently, she was offered a job by Bruno’s firm. The job offer includes a higher salary than her current job and the freedom to choose the number of work hours per day. But Angela is also an amateur musician who desperately dreams of becoming a professional one day. This motivates her to practice music as much as possible, which makes her value her free time very much. Using the model of individual choice, and assuming Angela accepts the job offer, graphically illustrate the impact on her choice of free time and consumption.
Consider Angela who currently works as a data scientist with machine learning expertise. Recently,
she was offered a job by Bruno’s firm. The job offer includes a higher salary than her current job and
the freedom to choose the number of work hours per day. But Angela is also an amateur musician
who desperately dreams of becoming a professional one day. This motivates her to practice music
as much as possible, which makes her value her free time very much.
Using the model of individual choice, and assuming Angela accepts the job offer, graphically
illustrate the impact on her choice of free time and consumption. Fully label your diagram. Note
that there are no actual numbers given in this question: you may make them up or simply use
appropriate notations. Explain specifically its impact on the following:
• Angela’s choice of free time
• Angela’s consumption level
• Angela’s utility level
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