there is also an “all of the above” option Conti: Attempt 1 Part of the reason t

ID: 1158714 • Letter: T

Question

there is also an “all of the above” option Conti: Attempt 1 Part of the reason that LeBron James earns millions of dollars each year while school teachers may earn $45,000 is because The supply of superstar basketball players is very low, while the supply of competent teachers is much larger. Demand for LeBron James'talents is very high since he can generate so much revenue for a firm Consumers enjoy basketball to the point that they are willing to spend lots of money and time attending games and watching commercials. ved

Explanation / Answer

Ans:

all of the above

Value of a good or service in the market is based on the demand and supply.when demand is high and supply is low, the value of the good or service is higher.since supply of superstar basketball players is very low,their value is higher.Hence LeBron james earns millions of dollars.Revenue earning capacity and market size will also effect earnings.

Navigate

there is acomple erorr as below in the current code: this is code as below: impo

there is an ethnic group in Southeast Asia actually nicknamed the “Giraffe Peopl

Integrity-first tutoring: explanations and feedback only — we do not complete graded work. Learn more.

there is also an “all of the above” option Conti: Attempt 1 Part of the reason t

Question

Explanation / Answer

Related Questions

Navigate