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{"ops":[{"insert":"Ramsha is trying to determine her consumption possibilities if she works as a Research Assistant (RA). If Ramsha\nworks 10 hours per week, she can spend Rs. 5000 on all other expenditures. Her total time endowment which\nshe can allocate between working as a RA and leisure time is 20 hours per week.\n2a. Ramsha\u2019s friend remarks that Ramsha is willing to trade an extra hour of leisure for Rs. 500 worth of\nconsumption on all other goods? Explain whether this is a correct observation. [ 3 points]\n2b. Write down Ramsha\u2019s consumption choice set. [2 points]\n2c. Suppose Ramsha learns that she will get paid half the rate for any work exceeding 10 hours per week. Draw a\nlabelled graph showing her new choice set, showing the intercepts and slope of the budget constraint. [5 points]\n"}]}
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