Matt Is Offered a Job Driving the Campus Shuttle Bus

question 132

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 the earnings from the job will be divided equally among Matt and the 99 other students who live in Matt's dorm. Will Matt accept this job?

• A)Yes, accepting the job means a positive surplus for Matt.
• B)No, accepting the job means a negative surplus for Matt.
• C)Yes, although accepting the job means a negative surplus for Matt, still it's better than having no job.
• D)No, although accepting the job means a positive surplus for Matt, still it's not the best option for him.

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Definitions:

Online Job Boards

Websites that provide listings of job vacancies, allowing employers to post jobs and job seekers to apply.

Blind Job Postings

Job advertisements where the company's name is not disclosed to the applicants, often to ensure unbiased recruitment.

Chronological Format

A method of organization where events or steps are arranged in the order they occurred in time.

Elevator Speech

A brief, persuasive speech, typically about 30 seconds to two minutes, used to spark interest in what a person or organization does.