Monika, a student, can work or enjoy leisure for 16 hours a day. (Assume she sleeps 8 hours a day.)
a. On a graph, construct Monika's budget constraint if she earns $10 per hour. Label is BC₁.
b. On the same graph, construct Monika's budget constraint if she earns $15 per hour. Label is BC₂.
c. On the same graph, construct Monika's budget constraint if she earns $10 per hour but receives the equivalent of $50 per day from her parents. Label is BC₃.

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The Answer of Monika, a student, can work or enjoy leisure for 16 hours a day. (Assume she sleeps 8 hours a day.) a. On a graph, construct Monika's budget constraint if she earns $10 per hour. Label is BC₁. b. On the same graph, construct Monika's budget constraint if she earns $15 per hour. Label is BC₂. c. On the same graph, construct Monika's budget constraint if she earns $10 per hour but receives the equivalent of $50 per day from her parents. Label is BC₃.

Monika, a Student, Can Work or Enjoy Leisure for 16