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Homework answers / question archive / Barry Bond's career home run average in his first 15 years in major league baseball (through 1997) was 33 home runs per season

Barry Bond's career home run average in his first 15 years in major league baseball (through 1997) was 33 home runs per season

Economics

Barry Bond's career home run average in his first 15 years in major league baseball (through 1997) was 33 home runs per season. In 2001, he hit 73 home runs. What happened to his career home run average? What effect did his performance in 2001 have on his career home run average? Explain how this relates to the relationship between average and marginal values.

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Answer:

Barry Bond's career average=33(15)+73

16

=568

16

=35.5

Barry Bond's career average increased. This shows than whenever marginal value is above average value, average value rises or increases.