EBK THE ECONOMICS OF SPORTS
6th Edition
ISBN: 9781351684491
Author: LEEDS
Publisher: YUZU
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Chapter 1, Problem 1DQ
To determine
Explain why sports generate more news coverage than other industries.
Expert Solution & Answer
Explanation of Solution
Individuals know that sports are more news generating one than other industries. This is because most of the people have an interest in sports events, and the sports are always entertaining to them. The people will spend most of their free time to watch their favourite sports events. For this, individuals will watch more news channels and sports channels to get a clear idea about the match. This will increase the rating of the channels and the companies will add more advertisement between the programs. The excitement of people for their beloved team will make media to generate more news coverage than other industries.
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If 17 Ps are needed and no on-hand inventory exists fot any of thr items, how many Cs will be needed?
Exercise 5Consider the demand and supply functions for the notebooks market.QD=10,000−100pQS=900pa. Make a table with the corresponding supply and demand schedule.b. Draw the corresponding graph.c. Is it possible to find the price and quantity of equilibrium with the graph method? d. Find the price and quantity of equilibrium by solving the system of equations.
1. Consider the market supply curve which passes through the intercept and from which the marketequilibrium data is known, this is, the price and quantity of equilibrium PE=50 and QE=2000.a. Considering those two points, find the equation of the supply. b. Draw a graph for this equation.
2. Considering the previous supply line, determine if the following demand function corresponds to themarket demand equilibrium stated above. QD=.3000-2p.
Chapter 1 Solutions
EBK THE ECONOMICS OF SPORTS
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