August 2011
Intermediate to advanced
500 pages
17h 16m
English
Content preview from Sports Finance and Management
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392 ◾ Sports Finance and Management
that is not always straightforward, but can be applied to any worker. To understand
MRP, two other terms have to be dened, marginal product and marginal revenue. A
worker’s marginal product is the additional units of output they create. For example,
if a company is making footballs, then a worker’s marginal product would be the
additional number of footballs that are made because of that individual. Although
probably no individual actually makes footballs from start to nish anymore, every-
one at the football company helps create some number of footballs. e number of
footballs made because of a specic ...
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