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 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

Question

Quizplus · Accepted Answer

If Fred spends 80 hours a week playing volleyball, he will have 32 hours (112-80=32) left to write. If he earns $75 for each hour of writing and writes for 32 hours a week, then his weekly income from writing will be: 
$75/hour x 32 hours/week = $2,400/week 
Therefore, Fred will have $2,400 available to spend on consumption goods.

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