3 1. Suppose you are in charge of payouts for a competitive 10K race. You decide that the top12 runners will receive money.A. Which of the two options listed below would be preferable? Briefly explain yourreasoning.FinishOption AOption B$200,000.00$120,000.001$84,000.00$77,000.00$75,000.00$70,000.004$50,000.00$63,000.005$34,000.00$56,000.00$25,000.00$49,000.007$17,000.00$42,000.008$11,000.00$35,000.00$28,000.00$7,000.0010$4,000.00$21,000.00$2,000.00$14,000.00$7,000.001112$1,000.00B. Briefly describe a race or situation in which the other option might be a better plan.2. Many NFL players today are retiring after playing fewer years in the league compared to30 years ago. Give a reason why this may be happening and show how this change isreflected in a labor supply curve.3. In 2012, NHL owners locked out their players in a labor dispute. During this period,many star players joined teams in Russia's Kontinental Hockey League (KHL). Describehow players playing Russia likely impacted the bargaining position of NHL team owners.

(A) Solution: In both options total amount is same i.e. $546,000 but option B situation will be…

Answered: 1. Suppose you are in charge of payouts…

Calculus: Early Transcendentals

8th Edition

ISBN:9781285741550

Author:James Stewart

Publisher:James Stewart

Chapter1: Functions And Models

Section: Chapter Questions

Problem 1RCC: (a) What is a function? What are its domain and range? (b) What is the graph of a function? (c) How...

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