Malik, a high school senior, is offered a job walking his neighbor's dog for an hour each Friday afternoon. His reservation wage for this task is $6. a. If Malik's neighbor offers him $15 per hour, how much economic surplus will Malik enjoy each week as a result of accepting this job? Malik's economic surplus is $ per hour. b. Now suppose that Malik's parents announce that he will have to split his earnings evenly with his two younger siblings. Will Malik still accept the job? Malik accept the job. c. The answers to parts a and b illustrate a problem inherent in all income redistribution programs. Which of the following is correct? multiple choice 2 By reducing Malik's incentive to work and generate an economic surplus, the overall income available to the economy is reduced. Malik is overpaid. Most people would rather not work but instead receive an equal portion of the income of others. The overall economic surplus generated in an economy is always greater when earnings are evenly distributed across its entire population