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Answer to Question #306791 in Economics of Enterprise for ses

Question #306791

On the job experience typically enhances a person’s productivity in that particular 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 increase in opportunity cost or in economic rent?




1
Expert's answer
2022-03-08T08:52:41-0500

Economic rent


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