User Account

All Pages

Millions of dollars a year for negligible contribution

Assignment Help Business Management
Reference no: EM131976397

It is common to hear comments? like: "Why do baseball players earn millions of dollars a year for their negligible contribution to society while major contributorslong dash such as? schoolteachers, police? officers, firefighters, and ambulance driverslong dash earn barely enough to? survive?" Offer an answer based on your knowledge of factor market.

A. Wages of? schoolteachers, police? officers, firefighters, and ambulance drivers are paid by the? government, which always tries to cut its spending.

B. The talents required to play major league baseball are very? scarce, and the marginal revenue product is high.

C. Rich players pay a lot of? taxes, so that their real income is comparable to? schoolteachers' income.

Reference no: EM131976397

Questions Cloud

Explain why a monopolist maximizes its long-run : Explain why a monopolist maximizes its long-run profit by producing that output for which marginal revenue equals long-run marginal cost.
Develop a project communication plan : Develop a Project Communication Plan using PowerPoint presentation that you will present to your sponsor and other stakeholders.
Explain why the consideration of opportunity costs : Explain why the consideration of opportunity costs may be very relevant to a firm. How can opportunity costs affect a business decision?
How would you respond to the skeptic : Can we know anything about the external world? Describe the skeptical challenge to the claim that we have knowledge of the external world.
Millions of dollars a year for negligible contribution : It is common to hear comments? like: "Why do baseball players earn millions of dollars a year for their negligible contribution to society while major
Determining the production possibilities curve : On the production possibilities curve (PPC), there are points that are not attainable (N), efficient, and inefficient (I). Briefly explain where an economy
Analyze how the case was processed legally : Analyze how the case was processed legally. Indicate what the final outcome/resolution of the case was (if there has been a final determination made).
Determine the break-even sales for the past year : Determine the break-even sales (units) for (a) the past year and (b) the coming year.
Concepts of efficiency and equity : How would this concept apply to the policy of giving everyone "free" college tuition? Use the concepts of efficiency and equity to support your explanation.

Reviews

Write a Review

Business Management Questions & Answers

  Caselet on michael porter’s value chain management

The assignment in management is a two part assignment dealing 1.Theory of function of management. 2. Operations and Controlling.

  Mountain man brewing company

Mountain Man Brewing, a family owned business where Chris Prangel, the son of the president joins. Due to increase in the preference for light beer drinkers, Chris Prangel wants to introduce light beer version in Mountain Man. An analysis into the la..

  Mountain man brewing company

Mountain Man Brewing, a family owned business where Chris Prangel, the son of the president joins. An analysis into the launch of Mountain Man Light over the present Mountain Man Lager.

  Analysis of the case using the doing ethics technique

Analysis of the case using the Doing Ethics Technique (DET). Analysis of the ethical issue(s) from the perspective of an ICT professional, using the ACS Code of  Conduct and properly relating clauses from the ACS Code of Conduct to the ethical issue.

  Affiliations and partnerships

Affiliations and partnerships are frequently used to reach a larger local audience? Which options stand to avail for the Hotel manager and what problems do these pose.

  Innovation-friendly regulations

What influence (if any) can organizations exercise to encourage ‘innovation-friendly' regulations?

  Effect of regional and corporate cultural issues

Present your findings as a group powerpoint with an audio file. In addition individually write up your own conclusions as to the effects of regional cultural issues on the corporate organisational culture of this multinational company as it conducts ..

  Structure of business plan

This assignment shows a structure of business plan. The task is to write a business plane about a Diet Shop.

  Identify the purposes of different types of organisations

Identify the purposes of different types of organisations.

  Entrepreneur case study for analysis

Entrepreneur Case Study for Analysis. Analyze Robin Wolaner's suitability to be an entrepreneur

  Forecasting and business analysis

This problem requires you to apply your cross-sectional analysis skills to a real cross-sectional data set with the goal of answering a specific research question.

  Educational instructional leadership

Prepare a major handout on the key principles of instructional leadership

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!

Submit Assignment

Academics

Major Subjects

Majors

Get In Touch

whatsapp: +1-415-670-9521

Phone: +1-415-670-9521

Email: [email protected]

TERMS & POLICIES

HELP & SUPPORT

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