The Opportunity Wage Is Often a Better Measure of Executive

question 60

Multiple Choice

The opportunity wage is often a better measure of executive pay than

• A)MPP because executives do not have an MPP.
• B)MRP because of the difficulty in quantifying executive output.
• C)Derived demand because the elasticity of supply for an individual is greater than 1.0.
• D)Opportunity costs of executive leisure.