Using the data in the table below, answer the followingquestions and determine if WNBA players are being paid fairly fortheir work:

	NBA	WNBA
2015-2016 Total Team Revenue	$5.9 billion	$51.5 million (at minimum)
Total players with minutes in 2017	439	157
Average salary	$6.4 million	$75,000

*Data from David Berri’s (2017) article in Forbes, NBAplayer Minute Statistics, and Statistica

**Be careful with billions vs millions etc.

1. What percentage of total league revenues were being paid toplayers in the NBA and the WNBA in 2017? (3 points)

2. If the WNBA paid the same percentage of their revenues to theirplayers as the NBA, how much would the average salary be in theWNBA in 2017? (3 points)

3. Use the concept of Marginal Revenue Product to evaluate whetherWNBA players were being paid fairly in 2017. (3 points)

4. In 2020, WNBA players agreed to a new CBA that raised totalcompensation by approximately 53%. Do you think a pay increase waswarranted for WNBA players? Why? Should WNBA players be paid thesame as NBA players? Why? Use MRP in your answers. (4 points)