Mary Jane Is Willing to Baby-Sit for $6 an Hour

question 31

Multiple Choice

Mary Jane is willing to baby-sit for $6 an hour.Her neighbor called and asked her to baby-sit for $8 an hour.Mary Jane will earn:

• A)consumer surplus of $2 per hour.
• B)economic rent of $2 per hour.
• C)economic profit of $8 per hour.
• D)accounting profit of $8 per hour,but economic profit of $0 per hour.

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Definitions:

Employee Hourly Wage

The amount of money that an employee is paid for each hour of work.

Return On Earned Media Model

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Social Media Tactics

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Target Audience

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