Matt Is Offered a Job Driving the Campus Shuttle Bus

question 31

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. If the campus transportation director offers Matt $50 per hour, how much economic surplus will Matt enjoy as a result of accepting the job?

• A)$36 per hour
• B)$43 per hour
• C)$50 per hour
• D)$86 per hour

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Definitions:

Interpersonal Relationships

Connections and interactions between two or more people, which can include various types such as friendships, family bonds, and romantic partnerships.

Rural Areas

Regions located outside towns and cities, often characterized by farming, small communities, and lower population density.

Developing Countries

Nations with low to middle levels of industrialization, lower standards of living, and lower Human Development Index ratings than developed countries.

Urban

Pertaining to or characteristic of a city or town, especially in terms of dense population, infrastructure, and cultural offerings.