Chris works at student services proctoring exams. This is Chris’ only source of income. Chris is paid $10 per hour. Chris is allowed to choose how many hours per week she works, as long as it is between 0 and 15.
a) Graph, on a well labeled graph, Chris’ budget constraint.
b) Suppose Chris chooses to work 10 hours per week. Chris’ parents decide to send her an allowance of $30/week. Illustrate this new budget constraint for Chris. What can you say about how many hours per week Chris will now decide to work? EXPLAIN.