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NENS NIRE: MARGINAL REVENUE PRODUCT Alabama's Nick Saban Gets $286,898 Bonus for Title Win TuscaloosaThe Crimson Tide's victory over the Ohio State Buckeyes was a
NENS NIRE: MARGINAL REVENUE PRODUCT Alabama's Nick Saban Gets $286,898 Bonus for Title Win TuscaloosaThe Crimson Tide's victory over the Ohio State Buckeyes was a joyous achievement 'For Alabama Football coach Nick Saban. It was also quite lucrative: Saban got a $288,888 bonus 'For winning the national title. Saban's salary is also going up another $488,888 in 2821, bringing his pay for the 2821 season to $9.5 million, maintaining his status as the highestpaid college coach. Source: Media reports of January 2821. The University of Alabama increased the capacity of its BryantDenny Stadium by 10,000 seats when it hired Nick Saban as its football coach. Instructions: Enter your response as a whole number. a. If the average price of a season ticket is $1,200, how much additional revenue is the university getting from those added seats per year? $ b. Does that exceed Coach Saban's 2021 pay? 0 No 0 Yes If the price elasticity of demand for labor is 0.15 and the wage increased from $13 to $15 an hour, what is the predicted decrease in the level of employment in percentage terms? Instructions: Round your response to one decimal place. % Amazon's Career Day Attracts Over 366,660 Job Seekers Amazon's job fairs typically attract thousands of job seekers who are willing to stand in line for hours to apply for one of the tech giant's jobs. This year was different. COVID protocols dictated a Virtual \"Career Day" rather than an in person fair. Amazon looked to fill 33,666 jobs ranging from warehouse workers to software engineers. The wages offered went from a low of $15 an hour to more than $166,666 per year. Around 384,666 job seekers went online to apply for those jobs. the biggest turnout ever. Source: Media reports of September 2626. Instructions: Enter your response as a whole number. a. What was the apparent market surplus at the Amazon Career Day? |:| people b. If Amazon decreased minimum hourly wages to $13.50 per hour. what do you predict would happen to that market surplus? It would (Click to select)v
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