Jen is offered a job answering the phone in the State U economics department during lunchtime,from noon to 1 P.M. ,Tuesdays and Thursdays.Her reservation wage for this job is $15/hour.
Now suppose the department chair announces that the $150/week earnings from the job will be divided equally among Jen and 299 other students in the department.How much economic surplus will Jen enjoy each week if she accepts the job?

Question

Quizplus · Accepted Answer

The Answer of Jen is offered a job answering the phone in the State U economics department during lunchtime,from noon to 1 P.M. ,Tuesdays and Thursdays.Her reservation wage for this job is $15/hour.
Now suppose the department chair announces that the $150/week earnings from the job will be divided equally among Jen and 299 other students in the department.How much economic surplus will Jen enjoy each week if she accepts the job?

Jen Is Offered a Job Answering the Phone in the State