on-the-job experience typically enhances a person's productivity in that partical job. if the person's salary increases to reflect increased experience but the additional experience has no relevance for other jobs, does this higher salary reflect an increased in opportunity cost or in economic rent?

on-the-job experience typically enhances a person's productivity in that partical job. if the person's salary increases to reflect increased experience but the additional experience has no relevance for other jobs, does this higher salary reflect an increased in opportunity cost or in economic rent?

Economics:

10th Edition

ISBN:9781285859460

Author:BOYES, William

Publisher:BOYES, William

Chapter29: Resource Markets

Section: Chapter Questions

Problem 10E

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