How does make sense using supply and demand in market

Reference no: EM13236749

Professional sports players are generally paid much more than farmers, factory workers, engineers, and teachers. The markets for the professional sports players, farmers, factory workers, engineers and teachers are generally competitive. Even among professional sports players, the salaries of players in some sports are generally significantly higher than the salaries of players in some other sports. How does this make sense using supply and demand in a market in equilibrium?

Reference no: EM13236749

Questions Cloud

Population of all sample means is normally distributed : A sample size of 900 is not large enough to conclude that the sampling distribution of p is a normal distribution, when the estimate of the population proportion is 0.995 and the standard deviation of all possible sample proportions increases as th..

What is the present equivalent of overhaul expenses at time : Major overhaul expenses of $5,000 each are anticipated for a large piece of earthmoving equipment. The expenses will occur at EOY four and will continue every three years thereafter up to and including year 13.

Explain how much energy was absorbed by the mouse''s body : If a 55 laboratory mouse is exposed to 21.5 rad of radiation, how much energy was absorbed by the mouse's body

What is the magnitude of the electric field at p : A thin glass rod forms a semicircle of radius r = 3.03 cm. Charge is uniformly distributed along the rod, with +q = 1.05 pC in the upper half and -q = -1.05 pC in the lower half

How does make sense using supply and demand in market : Professional sports players are generally paid much more than farmers, factory workers, engineers, and teachers. The markets for the professional sports players, farmers, factory workers, engineers and teachers are generally competitive.

Explain air molecules are within the confines of the kiln : A 220 kiln is used for vitrifying ceramics. It is currently operating at 955, and the pressure is 0.9750 . How many moles of air molecules are within the confines of the kiln

What is the orbital speed of the second satellite : Two satellites are in circular orbits around a planet that has radius 9.00*10^6 m. One satellite has a mass 68.0 kg, What is the orbital speed of the second satellite

How the expected inflation rate equals the rate of nominal : Assume that the demand for real money balance (M/P)= is M/p = 0.6Y-100i, where Y is national income and i is the nominal interest rate. The real interest rate r is fixed at 3 percent by the investment and saving functions.

Explain what is the new ph if the solution is diluted : What is the pH of a buffer solution prepared from 5.15g of NH4NO3 and 0.10L of 0.15M NH3? What is the new pH if the solution is diluted with pure water to a volume of 500mL

User Account

All Pages