Marilyn Is a Journalist

question 7

Essay

Marilyn is a journalist.She is considering two possible jobs.One job is as an editor for a magazine.The other job is writing freelance articles and selling them to whoever will buy them.If she works for the magazine, she must spend 10 hours a day at work and commuting.She will be paid $130 a day net of commuting costs and taxes if she takes this job.If she writes freelance articles, she can work at home and as many hours a day as she pleases.She estimates that she would earn $10 an hour after taxes if she does this.Her utility function is U = (R³)C, where R is the number of hours a day she spends not working or commuting and C is her earnings.
a.If Marilyn chooses to freelance, how many hours will she work?
b.Calculate her utility in each job and identify which job she will choose.

Understand the multifaceted dimensions of globalization (cultural, economic, political, institutional).

Identify different economic theories related to globalization (e.g., neoliberalism, capitalism).

Recognize cultural heterogeneity and the concept of cultural hybrids in the context of globalization.

Analyze globalization in terms of risk and its impact on the world (e.g., runaway world, managing risks).

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Definitions:

Dimensional Approach

A method of classifying characteristics or disorders on a spectrum rather than as categorical, binary states.

Categorical Approach

A method of classification based on discrete and distinct categories or groups.

Autistic Spectrum

The Autistic Spectrum refers to the range of conditions characterized by challenges with social skills, repetitive behaviors, speech, and nonverbal communication, including autism and Asperger's syndrome.

Categorical Approach

A method of classification based on discrete, distinct categories or groups.