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Suppose that there are two grades of professional football players. There are a restricted number of "stars," whom the fans most want to watch, and an unrestricted number of "non-stars." There are only some stars to fully staff every team, but there are enough for a few to be on each team if an owner decided to hire them.
a. Assume that football teams keep all the "gate" and TV revenues they generate and that players are free to choose their teams at the end of every season. Does a star earn more than non-stars? How are the salaries of each group determined?
b. Continue to assume that players are free to choose their teams, but assume now that teams agree to share all their gate and TV revenues equally (they put them into a "pool" and divide it equally among the team owners). What happens now to salaries of stars and non-stars?
As a matter of fact you have found several of these to be below minimum wages in your state. Discuss if dropping the observations is reasonable.
The market interest rate increases to 10%. IN the afternoon at what price would your bond sell in the secondary market.
The definition of a price maker is a firm with some power to set the price because the demand curve for its output slopes downward which in effect means those firms with a downward sloping demand curve have some market power.
Explain, in plain words, illustrate what the R-square in this regression indicates.
Trade restrictions will stop foreign imports which will increase American employment and protect American jobs
"How has technology changed the purchasing and selling behavior?" what happened to your purchasing behavior once you adopted your smart phone, are you being more smartphonic in buying or selling items online.
Discuss the concept of resistance and how employees respond to major change; incorporate information from your own experiences as well as insights you have gained from this module.
One month ago, they added five workers, and productivity also increased by 50,000 pages per day. Copiers cost about twice as much as workers. Would you recommend they hire another employee or buy another copier?
Explain meaning of value added and its importance in income approach. Consider following data for selling price at each stage in production of a 5 pound bag of flour sold by your local grocer.
What are the factors that will allow them to increase their added value in this type of competitive environment.
q.suppose that the world consists of only two countries a and b of relatively equal sizes. the world interest rate in
Chrysler announced a new incentive program on its minivans that included subsidized interest rates also cash allowances.
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