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The Covid-19 pandemic has meant that many business leaders needed to make difficult decisions. Pretend you were the commissioner of a professional sports leagueand you
The Covid-19 pandemic has meant that many business leaders needed to make difficult decisions. Pretend you were the commissioner of a professional sports leagueand you needed to decide whether to play the season, either in part or in its entirety. Explain how you would use the micro-economic concepts of opportunity cost and marginal analysis to make a decision. Remember: the best decisions are made after considering a scenario thoroughly. You must incorporate opportunity cost and marginal analysis, but you may also incorporate other economics concepts as you deem appropriate
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