On-the-job experience typically enhances a persons, Microeconomics

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On-the-job experience typically enhances a persons

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?

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Microeconomics: On-the-job experience typically enhances a persons

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Microeconomics: On-the-job experience typically enhances a persons

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