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Essentials of Economics 8th Edition by Bradley Schiller
Edition 8ISBN: 978-0073511399Essentials of Economics 8th Edition by Bradley Schiller
Edition 8ISBN: 978-0073511399 Exercise 5
In November 2007, the New York Yankees agreed to pay Alex Rodriguez at least $275 million over ten years. If this salary were to be covered by ticket sales only, how many more tickets per game would the Yankees have to sell to cover Rodriguez's salary in the 81 home games per year if the average ticket price is $50? Are there any additional sources of revenue the Yankees might be able to use to cover the cost of Rodriguez's salary?
Explanation
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Find : (a) The number of extra tickets t...
Essentials of Economics 8th Edition by Bradley Schiller
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