Many Minor League Ballplayers Get Called Up to Play in the Majors

question 38

Multiple Choice

Many minor league ballplayers get called up to play in the majors and then get sent back down again to the minors. Jim makes $26,000 in the minors and then when he gets called up he makes $125,000, though he never plays and is an unknown name to the fans. It is most likely true that

• A)Jim's productivity suddenly increases by $99,000 when he is called up to the majors.
• B)A portion of Jim's major league salary is economic rent.
• C)Jim was playing for way below the value of his marginal product in the minor leagues.
• D)Jim is irrational to accept only $26,000 in the minor leagues.

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Definitions:

Structure Need

The necessity for an organized or systematic arrangement in various concepts, frameworks, or entities.

Systems Theory

An interdisciplinary study of systems as cohesive conglomerates of interrelated and interdependent parts that are connected through feedback loops.

Sum of Its Parts

A concept suggesting that the total or overall effect of something is greater than the mere addition of its individual elements.

Horizontal Communication

A form of communication that occurs among peers or colleagues within the same level of an organization, facilitating coordination and problem-solving.