- 1 Suppose You Are In Charge Of Payouts For A Competitive 10k Race You Decide That The Top 12 Runners Will Receive Mone 1 (518.57 KiB) Viewed 38 times
1. Suppose you are in charge of payouts for a competitive 10K race. You decide that the top 12 runners will receive money. A. Which of the two options listed below would be preferable? Briefly explain your reasoning. Finish Option A Option B 1 $200,000.00 $84,000.00 2 $120,000.00 $77,000.00 3 $75,000.00 $70,000.00 4 $50,000.00 $63,000.00 5 $34,000.00 $56,000.00 6 $25,000.00 $49,000.00 7 $17,000.00 $42,000.00 8 $11,000.00 $35,000.00 9 $7,000.00 $28,000.00 10 $4,000.00 $21,000.00 11 $2,000.00 $14,000.00 12 $1,000.00 $7,000.00 B. Briefly describe a race or situation in which the other option might be a better plan. 2. Many NFL players today are retiring after playing fewer years in the league compared to 30 years ago. Give a reason why this may be happening and show how this change is reflected in a labor supply curve. 3. In 2012, NHL owners locked out their players in a labor dispute. During this period, many star players joined teams in Russia's Kontinental Hockey League (KHL). Describe how players playing Russia likely impacted the bargaining position of NHL team owners.