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1. Commentators have often alleged that free agency for players would harm competitive balance in a league. Is this true?
2. Can the following two statements both be true?
a) Sports leagues are significant entities that generate tremendous revenues.
b) Local teams require significant public subsidies to pay for modern stadiums. Discuss.
Suppose Nia's utility function is given by the equation U(PC, SM) = 10PC+ 20SM. What combination of PC and SM should Nia buy to maximize her utility? What is the level of utility?
In July 1999, The American Telemedicine Association (ATA) issued the following advice to consumers who use the Internet for health-related information and services. ATA's criteria for a quality site include the following ("Advisories" 2-3):
A large firm has two divisions: an upstream division that is a monopoly supplier of an input whose only market is the downstream division that produces the final output. To produce one unit of the final output, the downstream division requires one un..
Calculate the effective interest rate for each compounding frequency shown assuming the annual nominal interest rate = 21.6%.
Justin likes to have chocolate chip cookies and milk for breakfast. When the price of a chocolate chip cookies is $1 and price of a glass of milk is $1, he consumes 10 chocolate chip cookies and 6 glasses of milk each week. hat happens to the MRS at ..
Gertrude Kelp owns three boats that participate in commercial fishing for fresh Pacific salmon off the coast of Alaska. As part of her business she hires a captain and several crew members for each boat. While Gertrude usually catches a significant n..
Utilize your general knowledge of equilibrium prices to explain why the previous interest rate is no longer sustainable.
It is important to remember that in a communist society difference between value of machine and value of labour-power replaced by it will always vary. Are you still thinking that Capital is blueprint for society.
a technology is invented that makes labor and capital perfect one to one substitutes in the production of mint
When a single-price monopolist maximizes profits, price is greater than marginal cost. This means that buyers would be willing to pay more for additional units of output than the unit costs to produce. Given this, why doesn’t the monopolist produce m..
A firm is trying to decide whether to have a centralized warehouse or regional warehouses. A centralized warehouse would be cheaper than four regional warehouses, but the expenses for shipping would be higher with a centralized warehouse. If the firm..
The following benefits are included in a Cost Benefit Analysis EXCEPT:
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