Solved

Mary Jane Is Willing to Babysit for $6 an Hour

Question 82

Multiple Choice

Mary Jane is willing to babysit for $6 an hour. Her neighbor has asked her to babysit for $8 an hour. Assuming Mary Jane accepts the offer:


A) her consumer surplus will be $2 per hour.
B) her economic rent will be $2 per hour.
C) her economic profit will be $8 per hour.
D) her accounting profit will be $8 per hour, and her economic profit will be $0 per hour.

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions

Unlock this Answer For Free Now!

View this answer and more for free by performing one of the following actions

qr-code

Scan the QR code to install the App and get 2 free unlocks

upload documents

Unlock quizzes for free by uploading documents