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Jim, a footballer, makes 26,000 a year playing for a lower league team. He gets taken on by a top club for 125,000, though he
Jim, a footballer, makes 26,000 a year playing for a lower league team. He gets taken on by a top club for 125,000, though he never plays and is an unknown name to the fans. He is subsequently sold back to the lower leagues. It is most likely true that: Multiple Choice Jim's productivity suddenly increases by 99,000 when he moves to the top club. a portion of Jim's salary of 125,000 is economic rent. Jim was receiving a salary below the value of his marginal product in the lower leagues. Jim is irrational to accept only 26,000 in the lower leagues
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