BuyFind

Microeconomics

13th Edition
Roger A. Arnold
Publisher: Cengage Learning
ISBN: 9781337617406
BuyFind

Microeconomics

13th Edition
Roger A. Arnold
Publisher: Cengage Learning
ISBN: 9781337617406

Solutions

Chapter
Section
Chapter 16, Problem 2WNG
Textbook Problem

Bobby is a baseball player who earns $1 million a year playing for team X. If he weren’t playing baseball for team X, he would be playing baseball for team Y and earning $800,000 a year. If he weren’t playing baseball at all, he would be working as an accountant earning $120,000 a year. What is his economic rent as a baseball player playing for team X? What is his economic rent as a baseball player?

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