For questions 1 and 2 let each team's revenue function be given as follows: - Rx=200wx100wx2 - Ry=108wy100wy2 Assume there is a fixed supply of talent and that neither team incurs any fixed costs. Assume the labor market is competitive. 1. Assume Team Y is a profit-maximizer. a. How much would Team Y be willing to pay for: 0.2 units of talent? 0.2 units of talent with an equal proportion revenue sharing system where =0.8 ? 0.2 units of talent with a pooled-revenue sharing system where =0.8 ? Show your work for each calculation. b. Why is there a difference in what Team Y is willing to pay for 0.2 units of talent under the two different revenue sharing systems? Explain why one is higher than the other. For questions 1 and 2 let each team's revenue function be given as follows: - Rx=200wx100wx2 - Ry=108wy100wy2 Assume there is a fixed supply of talent and that neither team incurs any fixed costs. Assume the labor market is competitive. 1. Assume Team Y is a profit-maximizer. a. How much would Team Y be willing to pay for: 0.2 units of talent? 0.2 units of talent with an equal proportion revenue sharing system where =0.8 ? 0.2 units of talent with a pooled-revenue sharing system where =0.8 ? Show your work for each calculation. b. Why is there a difference in what Team Y is willing to pay for 0.2 units of talent under the two different revenue sharing systems? Explain why one is higher than the other