Ms Katrina has eighteen hours available per day to allocate between Leisure and work. She has N$1000 non - labour income and her wage rate per hour is N$50.00. a) Contract budget constraint equation b)

Ms Katrina has eighteen hours available per day to allocate between Leisure and work. She has N$1000

non - labour income and her wage rate per hour is N$50.00.
a) Contract budget constraint equation
b) Draw a budget line and make sure to include intercepts [6 marks]
c) Calculate the slope of the budget line

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Ms Katrina has eighteen hours available per day to allocate between Leisure and work. She has N$1000 non - labour income and her wage rate per hour is N$50.00. a) Contract budge…

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