Matt Is Offered a Job Driving the Campus Shuttle Bus

question 25

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/hour.
Now suppose the director offers Matt $50/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.How much economic surplus will Matt enjoy now for accepting the job?

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

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Definitions:

Status Indicators

Visual or auditory signals (such as LEDs or beeps) on devices or equipment that show their current operating condition, such as on/off, error, or operational status.

Output Module

A component in PLC systems that provides physical output based on the program logic, like activating motors or lights.

Optical Isolator

A device that uses light to transfer an electrical signal between elements of a system while keeping them electrically isolated.

Electrical Noise Interference

Unwanted disturbances superimposed on a useful signal that degrade the quality of signal transmission or processing.