Solved

The Same Year That Derek Jeter, One-Time Shortstop for the New

Question 124

Multiple Choice

The same year that Derek Jeter, one-time shortstop for the New York Yankees, received an annual salary of $23.2 million, the president of the United States received an annual salary of $400,000. If the president of the United States actually contributed more to society than Derek Jeter, we can conclude that:


A) factors other than marginal revenue product probably explain the salary differences.
B) the salary differences are based entirely on marginal revenue products.
C) there is never a relationship between marginal revenue product and pay.
D) the markets for their respective services are perfectly competitive.

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions

Unlock this Answer For Free Now!

View this answer and more for free by performing one of the following actions

qr-code

Scan the QR code to install the App and get 2 free unlocks

upload documents

Unlock quizzes for free by uploading documents