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

question 480

Multiple Choice

Scenario 21-2
Lawrence 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. Lawrence is typically awake for 112 hours each week (he sleeps an average of 8 hours each day) . For each hour Lawrence spends writing, he can earn $75. Lawrence 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 Lawrence decides to spend 80 hours a week playing volleyball on the beach and the rest of his time writing, how much income will he have available to spend on consumption goods?

• A)$900
• B)$1,500
• C)$2,400
• D)$3,000

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Definitions:

Sesamoid Bones

Small, round bones typically found embedded within tendons, acting to alter the direction of muscle forces and reduce friction.

Phalanges

The bones in the fingers and toes of humans and other vertebrates.

Cuneiform

Relating to the wedge-shaped bones or in the context of ancient writing systems, specifically an early system of writing with wedge-shaped marks.

Concussion

A type of traumatic brain injury caused by a blow to the head or body, a fall, or another injury that jars or shakes the brain inside the skull.