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Why do baseball players make so much money, while kindergarten teachers in private schools

Why do baseball players make so much money, while kindergarten teachers in private schools make so much less? In your answer, discuss the value of marginal product and the actions of profit-maximizing firms.

 

11) How does a firm's demand for labor change if the price of the firm's product increases? Relate your answer to the value of marginal product.

Dec 08 2019 Read more Less More

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