At the time of the national football league strike in 1987

At the time of the National Football League strike in 1987, the football owners made available the following data:

Revenue
Source of Revenue Before the Strike During the Strike
Television $973,000 $973,000
Stadium gate 526,000 126,000
Luxury box seats 255,000 200,000
Concessions 60,000 12,000
Radio 40,000 40,000
Players' salaries and costs 854,000 230,000
Nonplayer costs (coaches' salaries) 200,000 200,000

(a) Compute total revenues, total expenses, and profits both before and during the strike.

Before Strike During Strike

Total revenue

Total expense

Total profit

(b) Who was better positioned to endure the strike? A 5 NFL owners B 5 players

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