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Matt Is Offered a Job Driving the Campus Shuttle Bus

question 68

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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 the earnings from the job will be divided equally among Matt and four other students. Will Matt accept this job?


Definitions:

Merchant

An individual or business that sells goods or services to consumers.

Information

A set of data or details about a particular subject, often processed to be useful.

Understanding

The ability to comprehend or grasp the meaning, nature, or importance of something.

Highly-Valued

Something considered to be of great importance or worth.

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