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-Suppose the Marginal Benefit the Owner of a Cherry Orchard

Question 83

Multiple Choice

-Suppose the marginal benefit the owner of a cherry orchard derives from hiring Lauren to pick cherries is $8 per hour. If the wage rate that Lauren earns is $7 per hour, then the orchard owner's surplus from Lauren's labour is ________ per hour. A) $15 B) $0 C) $1 D) $7 E) $8
-Suppose the marginal benefit the owner of a cherry orchard derives from hiring Lauren to pick cherries is $8 per hour. If the wage rate that Lauren earns is $7 per hour, then the orchard owner's surplus from Lauren's labour is ________ per hour.


A) $15
B) $0
C) $1
D) $7
E) $8

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