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1. Draw a graph that shows the marginal revenue product curves of the two franchises. Make sure your axes are properly labeled. Show the equilibrium level of competitive balance and the equilibrium level of player salaries.
2. Re-draw the graph from question #1. Sacramento is currently building a new arena that will add 34 luxury suites that will be priced at $200,000 per box and three premium clubs. This should increase the revenue associated with any given winning percentage. Show the impact of the new arena on competitive balance and salary levels.
3. Re-draw the graph from question #2. Suppose Los Angeles builds its own arena that has three times as many luxury boxes as the arena in Sacramento. As a result, the increase in revenue associated with any winning percentage is larger than what existed after Sacramento built its new arena. Show the impact of the of the new LA arena on competitive balance and player salaries.
Why is the burden of a tax to taxpayers greater than the revenue recieved by the government. Why do some economists advocate taxing consumption rather than income.
You have come to realize which you are only buying 3 bottles of wine a week now whereas you utilized to buy six bottles of wine when you made $60,000 a yr. Given this situation you would describe wine as a.
Explain the main channels through which the Fed can influence economic activity. Which theory has provided a better model, Classical or Keynesian, when it comes to prediciting how money affects the macro economy? Explain
q1. assume you are part of a research team evaluating a proposal to clean up a dangerous squander site. you are in
discuss the major types of financial intermediaries in the U.S. and illustrate the differences in the way assets and liabilities are recorded on their balance sheets
how the change in money supply affects investment demand and as a consequence, aggregate demand. What role dose the spending multiplier play in this process?
goods and services that are not sold in markets such as food produced and consumed at home and some household articles
The licorice industry is competitive. Each firm produes 2 million strings of licorice every year. Total cost of strings have an average.
An economy needs 400 bn. Spending to close the recessionary gap, multiplier is 4; what should be the increase in spending on the part of the of the government?
Show graphically about what happens to utility level and elucidate why the result is plausible.
DeAngelo Corp.'s projected net income is $150.0 million, its target capital structure is 25% debt and 75% equity, and its target payout ratio is 65%. DeAngelo has more positive NPV projects than it can finance without issuing new stock.
Assume that he marries her the subsequent year. Other things equal, which of the following would be true concerning the reported official GDP the following year.
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