Asked by Eboni Warren on Jun 03, 2024
Verified
In the United States,professional football players earn much higher incomes than professional soccer players.This occurs because:
A) most football players are good soccer players while the reverse is not true.
B) consumers have a greater demand for football games than for soccer games.
C) football and soccer games are highly substitutable products for most consumers.
D) the marginal productivity of soccer players exceeds that of football players.
Marginal Productivity
The additional output generated by employing one more unit of a specific factor of production while holding other factors constant.
Professional Soccer Players
Athletes who are paid to play soccer as their main occupation, often participating in national and international leagues.
- Understand the relationship between resource demand and product demand.
Verified Answer
AA
alexia allenJun 05, 2024
Final Answer :
B
Explanation :
The higher income of football players is due to a greater demand for football games among consumers, leading to higher revenue streams and the ability to pay higher salaries. Soccer may still have a significant fan base, but it is not yet at the same level of popularity as American football in the US, hence the difference in earnings.
Learning Objectives
- Understand the relationship between resource demand and product demand.