Sean Astin, who played Sam in the Lord of the Rings movies, wrote the following

Question

Sean Astin, who played Sam in the Lord of the Rings movies, wrote the following about an earlier film he had appeared in "Now I was in a movie I didn't respect, making obscene amounts of money (five times what a teacher makes, and teachers do infinitely more important work) Source: Sean Astin, with Joe Layden, There and Back Again: An Actor's Tale, New York: St. Martin's, 2004, p. 35. Are salaries determined by the importance of the work being done? If not, what are they determined by? Salaries are determined O A. by the marginal revenue product of the last worker hired O B. by productivity, as measured by the marginal product of labor. ° C. by the marginal revenue product of the average worker hired and the supply of labor. 0 D. by the marginal revenue product of the last worker hired and the supply of labor. 0 E. by the importance of the work being done, as measured by the total value to society.

Explanation / Answer

B) Salaries are determined by, by productivity, as measured by the marginal product of labour.

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