a.b.If Sara currently enjoys 7 hours of non market time, how much value of market goods is she willing to give up for an additional hour of non market time? b. Suppose Sara has a total of 16 hours per day to spend on market and non market work, and has a non labor income of $20 per day. According to the indifference curve, what is Amy's reservation wage? c. Suppose Sara has a total of 16 hours per day to spend on market and non market work, and has a non labor income of $20 per day. If she works, she could get a job that makes a wage rate of $5 per hour. Add her budget constraint on the graph above. Show the two endpoints. d. According to the information provided, will Amy choose to work or not work?Explain.

Fig: 1

Fig: 2