The surplus for workers from a job is equal to the
A)marginal cost of work.
B)wage rate.
C)marginal cost of work minus the wage rate.
D)wage rate minus the marginal cost of work.
E)marginal benefit of hiring a worker minus the wage rate.

Question

Quizplus · Accepted Answer

Surplus for workers is the difference between the marginal benefit of work and the wage rate. It is calculated as the marginal benefit of work (i.e., marginal cost of work) minus the wage rate. Therefore, option D is the correct answer.

The Surplus for Workers from a Job Is Equal to the