Both answer me 48. In 1960, the National Football League expanded into Dallas and Minneapolis in order to satisfy complaints from local politicians.O TrueO False 47. The following graph is associated with which of the answers below? Choose ALL correct answers.MC, MRMCMR,MCCMR,MR2E,E (quantity of effort)O Prize money is so high in professional golf and tennis players earn the same income regardless of their effort.O The intersection of MR2 and MC1 provides the same monetary reward as MR1 and MC1O Competitors in the touranments are incentivized by high rewards to exert greater effort and reach MR1 and MC1O The graph only applies to athletes in "team" sports rather than individual competition.

The answers which can be considered correct given the above diagram are as follows: Competitors in…

Answered: MC, MR MC MR, MCC MR , MR2 E,

Business

Economics

MC, MR MC MR, MCC MR , MR2 E,

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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Question

Both answer me

48. In 1960, the National Football League expanded into Dallas and Minneapolis in order to satisfy complaints from local politicians.
O True
O False

47. The following graph is associated with which of the answers below? Choose ALL correct answers.
MC, MR
MC
MR,
MCC
MR,
MR2
E,
E (quantity of effort)
O Prize money is so high in professional golf and tennis players earn the same income regardless of their effort.
O The intersection of MR2 and MC1 provides the same monetary reward as MR1 and MC1
O Competitors in the touranments are incentivized by high rewards to exert greater effort and reach MR1 and MC1
O The graph only applies to athletes in "team" sports rather than individual competition.

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