Question: Using the concepts expressed by the 3 ?graphs (TP, ?MP, ?MC) ?build a memo to one of the team managers of the football team that

Using the concepts expressed by the 3 ?graphs (TP, ?MP, ?MC) ?build a memo to one of the team managers of the football team that has hired your firm as consultants to determine their recruitment goals for the next season ( ?explain the goal, specifically how many offensive star players they should hire.) ?You need to explain the naturally limiting process for hiring this star talent using the 3 ?graphs.

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Explain each graph and make sure you relate the three graphs to each other (what is the relationship between TP and MP from the graph, what is the relationship between MP and MC from the graph? What is the relationship between MC and TP from the graph?) ?and not just separately, Also explain the conclusion related to all 3 ?graphs.

Analysis of the 3 ?graphs with not use any economic terminology (economics terms). ?The explanation of TP, ?MP, ?and MC has to be clear and accurate so that a non-economics major has no trouble understanding it

Q = TP = Wins TP 0 2 Talent Marginal Product 0

Q = TP = Wins TP 0 2 Talent Marginal Product 0 T 2 Talent MP $ Marginal Cost 0 MC Wins FIGURE 2.9 (a) The Total Product Curve, (b) the Marginal Product Curve, and (c) the Marginal Cost Curve

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