Assume accountants and teachers have identical marginal revenue product schedules. Which of the following provides an explanation for why accountants receive higher starting salaries than school teachers?

CONCEPTS IN FED.TAX.,2020-W/ACCESS
20th Edition
ISBN:9780357110362
Author:Murphy
Publisher:Murphy
Chapter6: Business Expenses
Section: Chapter Questions
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Assume accountants and teachers have identical marginal revenue product schedules. Which of the following provides an explanation for why accountants receive higher starting salaries than school teachers?

a. Accountants have less human capital than school teachers.
b. Accountants have lower opportunity cost than school teachers.
c. Accounting firms provide a more pleasant work environment than schools provide.
d. The supply of accountants is low relative to the supply of teachers.
e. Fewer teaching majors graduate from college each year than accounting majors.
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