1) Cranston has 10 hours a day to allocate between work (income) and leisure

1) Cranston has 10 hours a day to allocate between work (income) and leisure. His wage is $20 an hour. a. (4) In the graph below, derive the values of the end points to his budget line and its slope. INCOME ON THE X AXIS. Be sure to show work! Pick some point as his optimal choice. b. (2) Now his wage DECREASES to $10. Graph below his new budget line, including end points. c. (8) Show on the graph below the substitution and income effects on his leisure choice from the wage decrease. Explain in words how you graph the substitution effect. d. (3) Based on how you have graphed it, does he work more or less? Show.

2)A company's value chain depicts all of the different activities a company performs and indicates how much each activity contributes to overall shareholder value. consists of two broad categories of activities: the primary activities foremost in the company's scheme for creating and delivering value to customers and the requisite support activities that facilitate and enhance the performance of the primary activities. consists of all the activities that it performs in seeking to deliver value to shareholders (via higher dividends and a higher stock price). concerns the basic process the company goes through in performing R&D and developing new products. identifies all of the different activities a company performs and indicates what percentage of the company's total profits is contributed by each of the various activities. O Copying, redistributing, or website posting is expressly prohibited and constitutes copyright violation.