The president of the united states receives an annual, Ask an Expert

Economics

The president of the United States receives an annual salary of $400,000. Derek Jeter, shortstop for the New York Yankees, receives an annual salary of $23.2 million. If the president of the United States actually contributes more to society than Derek Jeter, we can conclude that:

actors other than marginal revenue product probably explain the salary differences.

the salary differences are based entirely on marginal revenue products.

there is never a relationship between marginal revenue product and pay.

the markets for their respective services are perfectly competitive.

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Business Economics, Economics

Category:- Business Economics
Reference No.:- M91388163

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