Matt Is Offered a Job Driving the Campus Shuttle Bus

question 130

Multiple Choice

Matt is offered a job driving the campus shuttle bus from 4 p.m. to 6 p.m. each Monday. His reservation wage for this job is $7 per hour. Now suppose the director offers Matt $50 per hour, but also announces that Matt's earnings will be divided equally among Matt and the 99 other students who live in Matt's dorm. What will be Matt's economic surplus from accepting the job?

• A)$0.50 per hour
• B)$1.00 per hour
• C)-$6.00 per hour
• D)-$6.50 per hour

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