Assume the gross wage of w=$10 per hour and gross non-wage income YN = $5000 per...

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Assume the gross wage of w=$10 per hour and gross non-wage income YN = $5000 per...

Assume the gross wage of w=$10 per hour and gross non-wage income YN = $5000 per year. Assume a maximum of 6,000 hours of leisure per year (T= 6000 per year ), so that full income for the worker is $65,000.

Draw the annual budget constraint assuming no taxes or transfers.

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