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Flura [38]
3 years ago
7

Why are major league baseball players on average paid substantially more than college​ professors? Explain. Major league basebal

l players are paid more than college professors because A. the supply of major league baseball players is more elastic than the supply of college professors. B. the marginal revenue product of major league baseball players is high relative to college professors. C. the supply of major league baseball players is abundant relative to the supply of college professors. D. the total value of baseball games is greater than the total value of education. E. the marginal product of major league baseball players is low relative to college professors.
Business
2 answers:
sukhopar [10]3 years ago
7 0

Answer:

B. the marginal revenue product of major league baseball players is high relative to college professors.

Explanation:

For becoming a college professor involves more amount of efforts and dedication than the baseball players.

Also under the baseball matches there are numerous sponsors as looking for advertisement and promotions, as huge public is interested in such matches.

Therefore as large funds are invested and that the players earn accordingly more, as tickets are also charged.

The marginal revenue from baseball is therefore more, as the cost is less as compare to the cost in becoming professor.

DiKsa [7]3 years ago
7 0

Answer:

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Explanation:

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5s tdghne dtgc

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The Mugger sells three types of mugs, flowers, dogs, and sports. The following information is available: Flowers Dogs Sports Tot
svetlana [45]

Answer:

See answer below

Explanation:

1. The break even point for flowers = Fixed costs / Contribution margin

Where contribution margin = Selling price per unit - Variable cost per unit

= $500,000 / ($20 - $10)

= $500,000 / $10

= 50,000 units

Therefore,

Break even point for the Mugger is 50,000 units.

Break even points for Dogs = Fixed costs ÷ Contribution margin

= $500,000 / ($25 -$20)

= $500,000 / $5

= 100,000 units

Break even points Sports = Fixed costs / Contribution margin

= $500,000 / ($10 - $6)

= $500,000 / $4

= 125,000 units

2. I can recommend that the mugger should change its product mix from 1:4:2 (Flowers, dogs, sports) to 4:2:1 (Flowers , dogs , sports)

• Because there is an increase in the break even points for each of the mugger.

3 0
3 years ago
Which of the following statements is most correct? a. All else equal, if a bond’s yield to maturity increases, its price will fa
Andrei [34K]

Answer: d. A B and C are correct.

Explanation:

A bond's price and it's Yield to Maturity (YTM) are inversely related such that when Yield to Maturity rises, the price of the bond falls. This is a because a higher YTM signifies that the bond is riskier so it will compensate by being cheaper.

If a bond is downgraded by Ratings agencies then it means that the bond is now riskier. As it is riskier investors will charge more interest for taking on the risk. The interest is the YTM and so it rises.

A Subordinate bond means that if the company were to go into bankruptcy for instance, the Subordinate bond would only be paid for after the bond that is not Subordinated. This means that there is a chance that Subordinate bond holders will not get anything from the liquidation of the company. Investors will therefore charge a higher YTM to cater for the risk that this happens.

4 0
3 years ago
Which field deals with behavioral issues as well as technical issues surrounding the development, use, and impact of information
xz_007 [3.2K]

Information systems for management. focuses on the development, usage, and effect of information systems utilized inside an organization, as well as behavioral and technical concerns related to these topics.

A management information system (MIS) is a type of information system used in organizations for information coordination, control, analysis, and visualization as well as decision-making. People, procedures, and technology are all involved in the organizational setting of the study of management information systems.

What three different types of management information systems are there?

Operational-level systems, management-level systems, and strategic-level systems are the three primary kinds of information systems that serve various organizational levels.

To know more about Information systems for management.

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7 0
1 year ago
Inflation: group of answer choices is a continuous decrease in the price level. can obscure relative price changes. always makes
eimsori [14]

The Correct Response is Option B.

Inflation: can obscure relative price changes.

  • In the field of economics, inflation refers to an overall rise in the cost of goods and services throughout a nation. Each unit of currency may purchase fewer products and services as the overall price level rises, hence inflation is associated with a decline in the buying power of money.
<h3><u>What occurs when inflation occurs?</u></h3>
  • The main cost of inflation is the loss of real income, which occurs when prices rise unevenly and causes some customers' buying power to decline. For both those who receive and pay fixed interest rates, inflation might over time affect their ability to make purchases.

To learn more about Inflation, Click the links,

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8 0
1 year ago
You are working as a correctional officer. Your boss pulls you aside and discusses with you how you handled a situation with an
DedPeter [7]
Your boss is providing very helpful type of criticism, and gives you some of the suggestions on how to improve next time.

Constructive Criticism is the answer/ 
3 0
3 years ago
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