The total word count of the assignment (excluding references and diagrams/figures/tables) is 700 words (+/-10%). Any diagrams you include should be drawn by hand and not copied from lectures slides or a textbook. Please discuss the following in your assignment: Maria tells you that her company has decreased the pay of all employees by 10%. Hence, she is no longer able to consume previously affordable bundles of goods, and so she must now be worse off. Apply the concepts learnt in the module and do research online on well-being or happiness indices (giving the example of at least one) to explain to her why or why not this might be true. Note that we will not be able to provide comments/feedback on drafts or outlines. 3 Referencing, Style and Guidance The recommended font size for the assignment is 11 with 1.5 line spacing. There is no fixed format for the assignment that the students have to follow. There is also no requirement to write an introduction or a conclusion but the students can choose to do so if they wish. Your assignment should include references. The references are not included in the word count and should be included at the end of the document.