Scenario 21-2 Fred Has Recently Graduated from College with a Degree in Degree

question 431

Multiple Choice

Scenario 21-2
Fred has recently graduated from college with a degree in journalism and economics. He has decided to pursue a career as a freelance journalist writing for business newspapers and magazines. Fred is typically awake for 112 hours each week (he sleeps an average of 8 hours each day) . For each hour Fred spends writing, he can earn $75. Fred is such a good writer that he can get paid for as many hours of writing as he chooses to work.
-Refer to Scenario 21-2.If Fred's wage increases to $90 per hour of writing,which of the following points would fall on his budget constraint?

• A) 75 hours of leisure, $2,775 of consumption
• B) 80 hours of leisure, $2,400 of consumption
• C) 85 hours of leisure, $2,430 of consumption
• D) 90 hours of leisure, $1,650 of consumption

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Definitions:

McClelland

A psychologist known for his work on motivation, particularly the theory of needs, which includes achievement, power, and affiliation.

Esteem Need

A human's desire for respect, self-esteem, and esteem from others.

Hygiene Factors

Factors related to the work environment that do not necessarily motivate employees if present but can cause dissatisfaction if missing, as identified in Herzberg's Two-Factor Theory.

Herzberg's Two-Factor Theory

Herzberg's Two-Factor Theory posits that job satisfaction and dissatisfaction arise from two different sets of factors – motivation factors and hygiene factors.