Refer to Scenario 21-1 in your textbook.If Fred decides to spend 78 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 each week
A)$900
B)$1560
C)$2890
D)$3540

Question

Quizplus · Accepted Answer

From Scenario 21-1, we know that Fred makes $15 per hour playing volleyball and $25 per hour writing.

If he spends 78 hours a week playing volleyball, his income from volleyball would be:

$15/hour * 78 hours/week = $1,170/week

The rest of his time would be spent writing, and his income from writing would be:

($25/hour * (168 hours/week - 78 hours/week)) = $2,460/week

Therefore, his total income per week would be:

$1,170/week + $2,460/week = $3,630/week

Finally, if Fred spends all of his income on consumption goods, he would have $3,630/week available to spend. However, since the question asks how much income he has available to spend on consumption goods if he spends 78 hours a week playing volleyball (and the rest writing), we can assume he has no other expenses.

Therefore, his available income for consumption goods would be:

$3,630/week - $740/week = $2,890/week

Hence, the best choice is C.

Refer to Scenario 21-1 in Your Textbook