Problem regarding the average ticket price

Assignment Help Macroeconomics
Reference no: EM131228975

In November 2007, the New York Yankees agreed to pay Alex Rodriguez at least $275 million over ten years. If this salary were to be covered by ticket sales only, how many more tickets per game would the Yankees have to sell to cover Rodriguez's salary in the 81 home games per year if the average ticket price is $65?

Reference no: EM131228975

Questions Cloud

Why do so many cultures have divinities in similar roles : Possible options of divine roles include the following: father or mother divinities, divinities of war, home or hearth divinities, divinities of love, divinities of wisdom, divinities of medicine or health, divinities of the wind, divinities of ag..
Sound understanding of the core principles : Use examples where necessary; there is no specific word count but you must display a sound understanding of the core principles of economics.
Variety of different flash memory devices : The technically Techno company has several patents for a variety of different Flash memory devices that are used in computers, cell phones, and a variety of other things. The estimated legal cost of this would only be $10,000. If Technically Techno w..
Implement this problem using the tf/sf method : Dielectric scatterer. Repeat Problem 12.6 above, but make the cylinder a dielectric material with r = 3. Use the average properties method to accurately model the cylindrical surface. Measure the scattering pattern with and without the average pro..
Problem regarding the average ticket price : If this salary were to be covered by ticket sales only, how many more tickets per game would the Yankees have to sell to cover Rodriguez's salary in the 81 home games per year if the average ticket price is $65?
Once person ches the numebr of maximum absenteeism days : Once a person reaches the numebr of maximum absenteeism days, they can be dismissed, placed on probation or retained, but not paid for any absent days after they reached their max.
What preliminary recommendations would you make : With regard to this new staffing strategy, what challenges do you anticipate, and what is your plan to overcome those challenges? How can you position this to demonstrate how this will impact the performance efforts of the organization?
Assume that neither heating nor? air-conditioning : Jenny? Walters, who owns a real estate? agency, bought an old house to use as her business office. She found that the ceiling was poorly insulated and that the heat loss could be cut significantly if six inches of foam insulation were installed. Assu..
Describe the counselling process : Describe the counselling process considering the beginning phase, the middle phase and the ending phase.  Explain when it would be appropriate to use a probing question

Reviews

Write a Review

Macroeconomics Questions & Answers

  Distinguish between private and social costs and use

Distinguish between private and social costs and use this distinction to explain why the air in cities is so polluted from automobile exhaust fumes. Examine how government can try to correct this externality.

  Classical or keynesian macroeconomic models

Can you relate the Classical and/or Keynesian macroeconomic models to assumptions about economic behaviors and to economics policies being implemented in the U.S. economy today? Discuss this with your group members.

  Lessons in personal leadership development

Use this title: Lessons in Personal Leadership Development Answer the following questions

  Find quantity -price and price elasticity of demand

The Wozniak Corporation, a maker of aircraft engines, determines that in 2008 the demand curve for its product is as follows-What is the price elasticity of demand if price equals $500?

  Rental price of capital increases

The wages of workers rise by 20% and the rental price of capital increases by 25%. The firm should hire __________ labor and __________ capital.

  Average product of labor

A firm can manufacture a product according to the production function Q = 2(K)1/2(L)1/2 where K represents capital equipment and L is labor. The company has already spent $10,000 on the 4 units capital.Calculate the average product of labor, APL and ..

  Ricardian model application

In light of Ricardian model, how might you measure the claim by developing countries that they're at a disadvantage in trade

  Assume that the orange and banana are substitute to each

Suppose a freeze in florida wipes out 20% of the orange crop. How will this affect the equilibrium price and quantity of banana? Assume that the orange and banana are substitute to each other.

  The return to a college degree raise a lot

The return to a college degree raise a lot while college enrollment remained steady.

  1 john has been in the habit of mowing willas lawn each

1. john has been in the habit of mowing willas lawn each week for 20.johns opportunity cost is 15 and willa would be

  The effect of the price of a wideget increases

The price of a wideget increases by 90%. what effect would we expect this to have on the equilibrium wage rate of workers who make widgets.

  Estimate the demand for new products

How does your company or management go about estimating its sales? How does it determine the demand for new products so that it can make a production run?

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd