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lotusflwr lotusflwr
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6 months ago

Suppose that if Madison Bumgarner, the major league baseball player, weren't playing baseball he would be coaching a college baseball team. It follows that



▸

Bumgarner earns economic rent as long as his major league baseball salary is greater than his salary as the coach of a college baseball team.



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Bumgarner earns pure economic rent as a baseball player.



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Bumgarner earns pure economic rent as a baseball player and simply economic rent as a college coach.



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if Bumgarner's salary as a coach is much less than his salary as a baseball player, then Bumgarner is overpaid as a baseball player.



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none of the above

Textbook 
Economics

Economics


Edition: 12th
Author:
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janel989janel989
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6 months ago
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lotusflwr Author
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this is exactly what I needed
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Just got PERFECT on my quiz
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