Use the green line (triangle symbol) to draw Eileen's budget constraint if she earns $12 per hour. Then use the blue line (circle symbol) to draw her budget constraint if she earns $16 per hour. Finally, use the purple line (diamond symbol) to draw her budget constraint if she earns $20 per hour. 2000 1800 Wage of $12 per hour 1800 1400 1200 Wage of $16 per hour 1000 800 Wage of $20 per hour 600 400 200 10 20 20 40 50 60 70 80 90 100 Leisure (Hours) Consumption (Dollars)

Use the green line (triangle symbol) to draw Eileen's budget constraint if she earns $12 per hour. Then use the blue line (circle symbol) to draw her budget constraint if she earns $16 per hour. Finally, use the purple line (diamond symbol) to draw her budget constraint if she earns $20 per hour. 2000 1800 Wage of $12 per hour 1800 1400 1200 Wage of $16 per hour 1000 800 Wage of $20 per hour 600 400 200 10 20 20 40 50 60 70 80 90 100 Leisure (Hours) Consumption (Dollars)

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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