End of Chapter 3.6 3 Question Help O An article discusses the market for autographs by Mickey Mantle, the superstar centerfielder for the New York Yankees during the 1950s and 1960s: "At card shows, golf outings, charity dinners, Mr. Mantle signed his name over and over." One expert on sport autographs is quoted as saying: (dollars per baseball) "He was a real good signer ... He is not rare." Yet the article quotes another expert as saying: "Mr. Mantle's autograph ranks No. 3 of most-popular autographs, behind Babe Ruth and Muhammad Ali." A baseball signed by Mantle is likely to sell for the relatively high price of $250 to $400. By contrast, baseballs signed by Whitey Ford, a teammate of Mantle's on the Yankees, typically sell for less than $150. Use one graph to show both the demand and supply for autographs by Whitey Ford and the demand and supply for autographs by Mickey Mantle. Show how it is possible for the price of Mantle's autographs to be higher than the price of Ford's autographs, even though the supply of Mantle autographs is larger than the supply of Ford autographs Source: Beth DeCarbo, "Mantle Autographs Not Rare, but Collectors Don't Care," Wall Street Journal, August 4, 2008. Show how the price of baseballs signed by Mantle could be higher than the price of baseballs signed by Ford. Autographed baseballs 1.) Use the line drawing tool to craw the supply curve (Ford) and the demand curve (D Fordfor baseballs autographed by Whitey Ford. Property label the lines 2.) Use the line drawing tool to draw the supply curve (s mantle) and the demand curve (D mantle) for baseballs autographed by Mickey Mantle. Properly label the lines. 3.) Use the point drawing tool to indicate the equilibrium price and quantity of autographed basebals by Ford (Equilibrium Ford) and the equilibrium price and quantity of autographed baseballs by Mantle (Equilibrium Mantle). Properly label the points. Carefully follow the instructions above, and only draw the required objects. To ensure your answer is correctly interpreted, draw your lines as long as possible. Demand curves should be parallel to oach other and the supply curves should be parallel to each other. Click the graph, choose a tool in the palette and follow the instructions to create your graph. ? All parts showing Clear All Check Answer Homework: MyLab - Chapter 3 Save Score: 0 of 4 pts 20 of 30 (29 complete) HW Score: 86.67%, 52 of 60 pts End of Chapter 3.6 Question Help An article discusses the market for autographs by Mickey Mantle, the superstar centerfielder for the New York Yankees during the 1950s and 1960s: a 2 "At Gard shows, golf cutings, charity dinners, Mr. Mantle signed his name over and over." One expert on sport autographo is quoted as saying: "He was a real good signer... He is not rare." Yet the article quotes another expert as saying: "Mr. Mante's autograph ranks No. 3 of most popular autographs behind Babe Ruth and Muhammad Ali." Abaseball signed by Mantle is likely to sell for the relatively high price of $250 to $400. By contrast baseballs signed by Whitey Ford, a teammate of Mantle's on the Yankees, typically sell for less than $150. Use one graph to show both the demand and supply for autographs by Whitey Ford and the demand and supply for autographs by Mickey Mantle. Show how it is possible for the price of Manlle's autographs to be higher than the price of Ford's autographs, even though the supply of Mantle autographs is larger than the supply of Ford autographs Source: Beth DeCarbo, "Mantle Autographs Not Rare, but Collectors Don't Care," Wall Street Joumar, August 4, 2008. Show how the price of baseballs signed by Mantle could be higher than the price of baseballs signed by Ford. To ensure your answer is correctly interpreted, draw your mes as long as possible. Demand curves should be parallel to each other and the supply curves should be parallel to each other. Prisa dalana par hasaba) Auragraphed baseball 1.) Use the line drawing tool to draw the supply curve (Ford) and the demand curve (Ford)for baseballs autographed by Whitey Ford. Properly label the Ines 2.) Use the line drawing tool to draw the supply curve (Smanic) and the demand curve (DMarie) for baseballs autographed by Mickey Mantle. Property label the lines. 3) Use the point drawing tool to indicate the equilibrium price and quantity of autographed baseballs by Ford (EquilibriumFord) and the equilibrium price and quantity of autographed basebals by Mantle Equilibriurtante) Property label the paints. Carefully follow the instructions above, and only draw the required objects. Click the graph, choose a tool in the palette and follow the instructions to create your graph. ? All parts showing Clear All Check Answer End of Chapter 3.6 3 Question Help O An article discusses the market for autographs by Mickey Mantle, the superstar centerfielder for the New York Yankees during the 1950s and 1960s: "At card shows, golf outings, charity dinners, Mr. Mantle signed his name over and over." One expert on sport autographs is quoted as saying: (dollars per baseball) "He was a real good signer ... He is not rare." Yet the article quotes another expert as saying: "Mr. Mantle's autograph ranks No. 3 of most-popular autographs, behind Babe Ruth and Muhammad Ali." A baseball signed by Mantle is likely to sell for the relatively high price of $250 to $400. By contrast, baseballs signed by Whitey Ford, a teammate of Mantle's on the Yankees, typically sell for less than $150. Use one graph to show both the demand and supply for autographs by Whitey Ford and the demand and supply for autographs by Mickey Mantle. Show how it is possible for the price of Mantle's autographs to be higher than the price of Ford's autographs, even though the supply of Mantle autographs is larger than the supply of Ford autographs Source: Beth DeCarbo, "Mantle Autographs Not Rare, but Collectors Don't Care," Wall Street Journal, August 4, 2008. Show how the price of baseballs signed by Mantle could be higher than the price of baseballs signed by Ford. Autographed baseballs 1.) Use the line drawing tool to craw the supply curve (Ford) and the demand curve (D Fordfor baseballs autographed by Whitey Ford. Property label the lines 2.) Use the line drawing tool to draw the supply curve (s mantle) and the demand curve (D mantle) for baseballs autographed by Mickey Mantle. Properly label the lines. 3.) Use the point drawing tool to indicate the equilibrium price and quantity of autographed basebals by Ford (Equilibrium Ford) and the equilibrium price and quantity of autographed baseballs by Mantle (Equilibrium Mantle). Properly label the points. Carefully follow the instructions above, and only draw the required objects. To ensure your answer is correctly interpreted, draw your lines as long as possible. Demand curves should be parallel to oach other and the supply curves should be parallel to each other. Click the graph, choose a tool in the palette and follow the instructions to create your graph. ? All parts showing Clear All Check Answer Homework: MyLab - Chapter 3 Save Score: 0 of 4 pts 20 of 30 (29 complete) HW Score: 86.67%, 52 of 60 pts End of Chapter 3.6 Question Help An article discusses the market for autographs by Mickey Mantle, the superstar centerfielder for the New York Yankees during the 1950s and 1960s: a 2 "At Gard shows, golf cutings, charity dinners, Mr. Mantle signed his name over and over." One expert on sport autographo is quoted as saying: "He was a real good signer... He is not rare." Yet the article quotes another expert as saying: "Mr. Mante's autograph ranks No. 3 of most popular autographs behind Babe Ruth and Muhammad Ali." Abaseball signed by Mantle is likely to sell for the relatively high price of $250 to $400. By contrast baseballs signed by Whitey Ford, a teammate of Mantle's on the Yankees, typically sell for less than $150. Use one graph to show both the demand and supply for autographs by Whitey Ford and the demand and supply for autographs by Mickey Mantle. Show how it is possible for the price of Manlle's autographs to be higher than the price of Ford's autographs, even though the supply of Mantle autographs is larger than the supply of Ford autographs Source: Beth DeCarbo, "Mantle Autographs Not Rare, but Collectors Don't Care," Wall Street Joumar, August 4, 2008. Show how the price of baseballs signed by Mantle could be higher than the price of baseballs signed by Ford. To ensure your answer is correctly interpreted, draw your mes as long as possible. Demand curves should be parallel to each other and the supply curves should be parallel to each other. Prisa dalana par hasaba) Auragraphed baseball 1.) Use the line drawing tool to draw the supply curve (Ford) and the demand curve (Ford)for baseballs autographed by Whitey Ford. Properly label the Ines 2.) Use the line drawing tool to draw the supply curve (Smanic) and the demand curve (DMarie) for baseballs autographed by Mickey Mantle. Property label the lines. 3) Use the point drawing tool to indicate the equilibrium price and quantity of autographed baseballs by Ford (EquilibriumFord) and the equilibrium price and quantity of autographed basebals by Mantle Equilibriurtante) Property label the paints. Carefully follow the instructions above, and only draw the required objects. Click the graph, choose a tool in the palette and follow the instructions to create your graph. ? All parts showing Clear All Check
