Discuss the below:
Assume there are 16 total hours available in a day for work and leisure. Suppose Bart has a job that pays $8 per hour and allows him to work as many or as few hours as he wishes.
Q1. Based on the information, graph Bart's budget constraint.
Q2. Suppose Bart is a leisure lover, illustrate his point of utility maximization given the budget constraint from question 1.
Q3. Given your illustration in question 2, how many hrs is Bart working?