"The Fact That a College Professor Who Has a Higher

question 65

Multiple Choice

"The fact that a college professor who has a higher marginal product earns a lower wage than a football coach,is proof that sports is valued more than education." Assuming that the markets for professors and coaches are competitive,one can conclude that this conclusion is essentially:

• A)accurate because the higher average wage shows that the demand for football coaches is higher than the demand for a faculty member.
• B)accurate because a higher marginal product indicates that college professors are more productive than football coaches and yet earn a lower wage.
• C)faulty because the number of professors employed is higher than the number of football coaches employed.
• D)faulty because wages depend not only on the marginal product of the worker but also on the price of the final product.

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Definitions:

Martin Seligman

A psychologist known for his work on the theory of learned helplessness and his contributions to positive psychology.

Psychology

The scientific study of mind and behavior, including the examination of consciousness, perception, emotions, and mental health.

Isolation

The state of being separate from others, which can be physical, social, or emotional.

Subjective Well-Being

A person's self-reported assessment of their moods and emotional states, reflecting how they evaluate their own happiness and life satisfaction.