Explain differences in wages

Reference no: EM131023647

A student remarks: "I don't think the idea of marginal revenue product really helps explain differences in wages. After all, a ticket to a baseball game costs much less than college tuition, yet baseball players are paid much more than college professors." Do you agree with the student's reasoning?

Reference no: EM131023647

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Explain differences in wages : A student remarks: "I don't think the idea of marginal revenue product really helps explain differences in wages. After all, a ticket to a baseball game costs much less than college tuition, yet baseball players are paid much more than college pro..

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