Which of the following is not a sport finance issue?
a. valuation of sports teams
b. borrowing of money to finance sport ventures
c. stadium funding
d. sports apparel
e. none of these
e. none of these
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Explain why there is a direct relationship between price and quantity supplied
What will be an ideal response?
Tom & Jerry are running Hanna Barbera's lemonade stand as two profit centers. Tom makes the lemonade while Jerry sells it. Jerry argues that Tom is transferring the lemonade to him priced too high, which forces him to charge the customers a high price, losing sales. Does the decision maker have the incentive to make a good decision?
a. Yes, because it increases the division profit b. No, because it decreases division profit c. Yes, because it does not affect division profit d. No, because it increases company-wide profit
Consider a competitive industry and a price-taking firm that produces in that industry. The market demand and supply functions are estimated to be: Demand: Qd = 10,000 ? 10,000P + 1.0MSupply: Qs = 80,000 + 10,000P ? 4,000PIwhere Q is quantity, P is the price of the product, M is income, and PI is the input price. The manager of the perfectly competitive firm uses time-series data to obtain the following forecasted values of M and PI for 2015:
= $50,000 and 
I = $20The manager also estimates the average variable cost function to beAVC = 3.0 ?
0.0027Q + 0.0000009Q2Total fixed costs will be $2,000 in 2015. The manager ________ produce since ________. A. should not; $2 < $2.15 B. should not; $0.50 < $1.00 C. should; $2.75 > $0.75 D. should; $3 > $0.975
What is the term that refers to increases in the value of a product to each user, including existing users, as the total number of users increases?
A. Price discrimination B. Network effects C. Simultaneous consumption D. Income transfer