Question: Before starring in Iron Man, Robert Downey Jr. had appeared in 45 movies that grossed an average of $5 million on the opening weekend. In
Before starring in Iron Man, Robert Downey Jr. had appeared in 45 movies that grossed an average of $5 million on the opening weekend. In contrast, Iron Man grossed $102 million.
a. How do you expect the success of Iron Man to influence the opportunity cost of hiring Robert Downey Jr.?
b. How have the incentives for a movie producer to hire Robert Downey Jr. changed?
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