LABRST 2H03 Study Guide - Midterm Guide: Marginal Revenue

• School: McMaster University
• Department: Labour Studies
• Course: LABRST 2H03
• Professor: Brandan Sweeney

Document Summary

Marginal revenue product: their contribution to winning and how much they make when they win, revenue brought o the team and the teams performance. All teams have in common they all had nhl teams before. Teams have to negotiate with free agents and assign their line (center, 2 wings, defence, and goalie) Each player assigned a position and mrp. These are to be shown to owners during discussions. Owners and players meet separately (~5 mins) Initial discussions between owners and players (~10 mins) talk about information sheet, expected salary . Owners initiate o ers once agreed on something. Once both parties agree, the deal is done. Owner and player sign player info sheet (x 2) Player keeps 1 copy, other submitted to league. Exercise is complete when teams have signed all necessary players. Maximize revenue relative to mrp (e. g. pro t) Reference con or rosen and sanderson or other course reading (they don"t need a bibliographic reference).