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1. Suppose you are in charge of payouts for a competitive 10K race. You decide that the top 12 runners will receive money. A. Which of the two options listed below would be preferable? Briefly explain your reasoning. Finish Option A Option B 1 $200,000.00 $84,000.00 2 $120,000.00 $77,000.00 $75,000.00 $50,000.00 3 $70,000.00 4 $63,000.00 5 $34,000.00 $56,000.00 $49,000.00 $25,000.00 7 $17,000.00 $11,000.00 $7,000.00 $42,000.00 $35,000.00 $28,000.00 $21,000.00 $14,000.00 $7,000.00 $4,000.00 $2,000.00 10 11 12 $1,000.00

1. Suppose you are in charge of payouts for a competitive 10K race. You decide that the top 12 runners will receive money. A. Which of the two options listed below would be preferable? Briefly explain your reasoning. Finish Option A Option B 1 $200,000.00 $84,000.00 2 $120,000.00 $77,000.00 $75,000.00 $50,000.00 3 $70,000.00 4 $63,000.00 5 $34,000.00 $56,000.00 $49,000.00 $25,000.00 7 $17,000.00 $11,000.00 $7,000.00 $42,000.00 $35,000.00 $28,000.00 $21,000.00 $14,000.00 $7,000.00 $4,000.00 $2,000.00 10 11 12 $1,000.00

Calculus: Early Transcendentals
Calculus: Early Transcendentals
8th Edition
ISBN:9781285741550
Author:James Stewart
Publisher:James Stewart
Chapter1: Functions And Models
Section: Chapter Questions
Problem 1RCC: (a) What is a function? What are its domain and range? (b) What is the graph of a function? (c) How...
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1. Suppose you are in charge of payouts for a competitive 10K race. You decide that the top 12 runners will receive money. A. Which of the two options listed below would be preferable? Briefly explain your reasoning. Finish Option A Option B $200,000.00 $120,000.00 1 $84,000.00 $77,000.00 $75,000.00 $70,000.00 4 $50,000.00 $63,000.00 5 $34,000.00 $56,000.00 $25,000.00 $49,000.00 7 $17,000.00 $42,000.00 8 $11,000.00 $35,000.00 $28,000.00 $7,000.00 10 $4,000.00 $21,000.00 $2,000.00 $14,000.00 $7,000.00 11 12 $1,000.00 B. Briefly describe a race or situation in which the other option might be a better plan. 2. Many NFL players today are retiring after playing fewer years in the league compared to 30 years ago. Give a reason why this may be happening and show how this change is reflected in a labor supply curve. 3. In 2012, NHL owners locked out their players in a labor dispute. During this period, many star players joined teams in Russia's Kontinental Hockey League (KHL). Describe how players playing Russia likely impacted the bargaining position of NHL team owners.
Transcribed Image Text:1. Suppose you are in charge of payouts for a competitive 10K race. You decide that the top 12 runners will receive money. A. Which of the two options listed below would be preferable? Briefly explain your reasoning. Finish Option A Option B $200,000.00 $120,000.00 1 $84,000.00 $77,000.00 $75,000.00 $70,000.00 4 $50,000.00 $63,000.00 5 $34,000.00 $56,000.00 $25,000.00 $49,000.00 7 $17,000.00 $42,000.00 8 $11,000.00 $35,000.00 $28,000.00 $7,000.00 10 $4,000.00 $21,000.00 $2,000.00 $14,000.00 $7,000.00 11 12 $1,000.00 B. Briefly describe a race or situation in which the other option might be a better plan. 2. Many NFL players today are retiring after playing fewer years in the league compared to 30 years ago. Give a reason why this may be happening and show how this change is reflected in a labor supply curve. 3. In 2012, NHL owners locked out their players in a labor dispute. During this period, many star players joined teams in Russia's Kontinental Hockey League (KHL). Describe how players playing Russia likely impacted the bargaining position of NHL team owners.
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