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[Related to the Chapter Opener] Sam Goldwyn, a movie producer during Hollywood's Golden Age, once remarked about one of his stars: We're overpaying him, but
[Related to the Chapter Opener] Sam Goldwyn, a movie producer during Hollywood's Golden Age, once remarked about one of his stars: "We're overpaying him, but he's worth it." Part 2 a. Goldwyn was overpaying this star because Part 3 A. the marginal revenue product of this star was very low and the supply of people with this kind of star quality was high. B. the star was a good friend of the producer and the owner of the movie production company. C. the marginal product of this star was very low and the supply of people with this kind of star quality was high. D. the marginal revenue product of this star was very high and the supply of people with this kind of star quality was low. Part 4 b. The star have would still have been worth the high payment because A. the production company did not earn a high revenue due to the high marginal cost of the star. B. the production company earned a very low revenue due to the high marginal product of the star. C. the production company did not earn a high revenue due to the low marginal revenue product of the star
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