(Answered) In 2016 cristiano ronaldo a portuguese soccer player was

Management Studies

In 2016, Cristiano Ronaldo, a Portuguese soccer player was the highest paid athlete in the world, according to the Forbes magazine earning about $88 million. His total earnings included $56 million in salary and winning bonus, and 32 million in endorsements.He played for the Spanish soccer team Real Madrid, and for the Portuguese national team Explain the economic justification for the owners paying such a high salary; be sure to incorporate the concept of marginal revenue product (MRP) into your answer. What can you say about the elasticity of supply of Ronaldo's services and his supply of labor curve?

View complete question

Business Management, Management Studies

Category:- Business Management
Reference No.:- M92796259
Price:- $10

Verified Expert

Priced at $20 Now at $10, Verified Solution

Have any Question?Write your Review or question?

Related Questions in Business Management

Why is environmental analysis important for an organization

Why is environmental analysis important for an organization? Please be detailed.

The initial problem was how alissa would manage locations

The initial problem was how Alissa would manage locations almost an hour apart while maintaining the level of quality and service customers expected. Does this problem require a routine or non-routine decision? Explain y ...

Show how someone who is on the no-fly list can manage to

Show how someone who is on the no-fly list can manage to fly provided that boarding passes could be generated online (as an HTML page) and then printed. Please provide a step-by-step description of the attack. Which addi ...

In linux what synchronization methods they use within the

In Linux what synchronization methods they use within the kernel, please dig into your findings for Linux.

What strategies does a company need to develop to become a

What strategies does a company need to develop to become a broad differentiator? In what ways does this provide it with a competitive advantage over either cost leaders? Over differentiators?

Assume that the hypothetical economy of mo has 8 workers in

Assume that the hypothetical economy of Mo has 8 workers in year 1, each working 1,500 hours per year (50 weeks at 30 hours per week). The total input of labor is 12,000 hours. Productivity (average real output per hour ...

Think about a prescription that a doctor may write describe

Think about a prescription that a doctor may write. Describe the different types of customers involved in the process of filling the prescription. Think about who are the customers and their roles?

With an emphasis on some of the security ethical and

With an emphasis on some of the security, ethical, and societal challenges of IT in the business world. Please discuss a real-world example/application of an organization that has dealt with crimes including hacking, cyb ...

What does research show regarding coaching relationships

What does research show regarding coaching relationships and what characteristics are associated with the best coaches?

Suppose that the residents of bora bora play golf

Suppose that the residents of Bora Bora play golf incessantly. In fact, golf is the only things that they spend their money on. The consumer basket consists of 1000 golf balls, 100 clubs and 500 tees. In 2016, they spent ...

4,153,160 Questions Asked
13,132 Experts
2,558,936 Questions Answered

Ask Experts for help!!

Looking for Assignment Help?

Start excelling in your Courses, Get help with Assignment

Write us your full requirement for evaluation and you will receive response within 20 minutes turnaround time.

Ask Now Help with Problems, Get a Best Answer

Recent Questions

Ask Business Management Expert