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?