Both Haruki and Ha work at BobCo. Haruki makes $200 per hour worked. Ha makes $19 per hour worked. What is the change in total surplus when Haruki loses $8 which is subsequently found and kept by Ha?

Round to two decimal places and do not enter a currency symbol. If total surplus decreases, remember the negative sign. If your answer is –$1.125, enter –1.13.

Question

Both Haruki and Ha work at BobCo. Haruki makes $200 per hour worked. Ha makes $19 per hour worked. What is the change in total surplus when Haruki loses $8 which is subsequently found and kept by Ha?

Round to two decimal places and do not enter a currency symbol. If total surplus decreases, remember the negative sign. If your answer is –$1.125, enter –1.13.

BlackTom AI · Accepted Answer

The problem asks for the change in total surplus when a found $8 is taken from Haruki and kept by Ha.

First, recognize that Haruki earns $200 per hour and Ha earns $19 per hour, but the question about total surplus focuses on the transfer of the $8 itself, not on hourly wages.

Key idea: total surplus in an economy (in this simplified scenario) is the sum of all parties' realized wealth or resources. If money is simply transferred from one person to another (Haruki losing $8 and Ha gaining $8), the overall amount of wealth in the system does not change. It is a redistribution, not an creation or destruction of value.

Reasoning for the given scenario:
- Haruki loses $8, decreasing his wealth by 8.
- Ha gains $8, increasing his wealth by 8.
- Net effect on total wealth = (-8) + (+8) = 0.

Therefore, the change in total surplus is zero. Since the instruction asks for a two-decimal-placed numeric answer without a currency symbol, it should be entered as 0.00.

If you were to consider any externalities or costs of finding the money (like effort or processing), they are not mentioned here, so they are not included in the calculation. The straightforward interpretation remains a zero change in total surplus.

In summary, this is a pure transfer between individuals with no net gain or loss to the total economy, yielding a final change of 0.00.

ECO101H1 S LEC0101 topic quiz: surplus

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ECO101H1 S LEC0101 topic quiz: surplus

查看解析

登录即可查看完整答案

类似问题

Question at position 6 What are the values of total surplus before and after tax imposition?(TS0=10.5,TS1=6)\left(TS^0=10.5,TS^1=6\right)(TS0=12.5,TS1=10)\left(TS^0=12.5,TS^1=10\right)(TS0=13.5,TS1=12)\left(TS^0=13.5,TS^1=12\right)(TS0=15,TS1=10.5)\left(TS^0=15,TS^1=10.5\right)

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Figure 8-1Refer to Figure 8-1.Suppose the government imposes a tax of P'–P'''. Total surplus before the tax is measured by the area

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