The marginal revenue product of a baseball player is Question 8 options: a conce
ID: 1222291 • Letter: T
Question
The marginal revenue product of a baseball player is
Question 8 options:
a concept that is relevant in collegiate, but not professional, baseball.
how many additional wins his performance is expected to produce.
how many additional runs his performance is expected to produce.
how many additional dollars of revenue his performance is expected to produce.
how many home runs he is expected to produce.
According to the paper by Scully in Pay and Performance, baseball players marginal revenue products can be estimated by
Question 9 options:
regressing salaries on performance and then regressing revenues on wins.
regressing salaries on performance.
regressing wins on performance and then regressing revenues on wins.
regressing salaries on wins.
regressing revenues on performance.
The reserve clause in major league baseball
Question 10 options:
had no impact on player salaries or mobility.
prevented players from shirking.
gave the owner monopoly power over his players.
gave the owner monopsony power over his players.
forced the owner to pay his players more than their marginal revenue product.
Aa concept that is relevant in collegiate, but not professional, baseball.
Bhow many additional wins his performance is expected to produce.
Chow many additional runs his performance is expected to produce.
Dhow many additional dollars of revenue his performance is expected to produce.
Ehow many home runs he is expected to produce.
Explanation / Answer
The marginal revenue product of a baseball player is -B.
how many additional wins his performance is expected to produce.
Relationships between player performance and salary will be estimated and the predicted salary compared to predicted player marginal revenue product
According to the paper by Scully in Pay and Performance, baseball players marginal revenue products can be estimated by-
regressing salaries on wins.
Explanation-The estimated marginal revenue from each additional win allows for a calculation of the dollar value for each additional hit, walk, strikeout, etc., by multiplying each marginal product (in wins) by the marginal revenue of a win.
The reserve clause in major league baseball-
gave the owner monopoly power over his players.
Explanation-According to the clause the player was not free to enter into another contract with another team.
how many additional wins his performance is expected to produce.
Relationships between player performance and salary will be estimated and the predicted salary compared to predicted player marginal revenue product
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