Question
Question #6: Marginal Revenue Product Go to the following site: http://www.espn.com/nba/salaries. The website provides the salaries for every NBA player. Go back and collect salary
Question #6: Marginal Revenue Product Go to the following site: http://www.espn.com/nba/salaries. The website provides the salaries for every NBA player. Go back and collect salary data for the 2022-2023 season. Pick any 10 players on the list and find the following per-game statistics for each player for the 2022-23 NBA season: 1. Points 4. Blocks 7. Turnovers 2. Rebounds 5. Assists 8. Free Throw Attempts 3. Steals 6. Field Goal Attempts 9. Personal Fouls
Use the formula shown in the book (and in the lecture notes) to find the number of wins that can be attributed to each player ( wins). Assume that the marginal revenue of an additional win to the team is equal to $1.93 million. (a) Calculate the marginal revenue product (MRP) for each of the 10 players you have chosen. (b) Use your answer from Part(a) to determine which of the 10 players are overpaid and which are underpaid.
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