Question

Why would a Super Bowl at Ford Field in Detroit have more of an impact on...

Why would a Super Bowl at Ford Field in Detroit have more of an impact on Detroit than a regular season Detroit Lions game that draws the same number of fans?

Homework Answers

Answer #1

Ford Field, far more people who go to the Super Bowl are from outside the Detroit area than is true for a typical Lions game. The out-of-towners are likely to stay at area hotels for several days. In addition, the money they spend in Detroit is new expenditure for the local economy, while a portion of the money that local fans spend would have been spent locally even if they did not go to the game. The net impact on the Detroit economy is thus much larger for a Super Bowl than for a regular season game.

Know the answer?
Your Answer:

Post as a guest

Your Name:

What's your source?

Earn Coins

Coins can be redeemed for fabulous gifts.

Not the answer you're looking for?
Ask your own homework help question
Similar Questions
7. What can you conclude regarding consumer’s willingness to pay for Super Bowl tickets in general...
7. What can you conclude regarding consumer’s willingness to pay for Super Bowl tickets in general and particularly when it’s a location like NYC? Use evidence from the passage to support your answer. Further evidence that teams leave gate revenue on the table (or in economic parlance, create consumer surplus for fans) from charging lower face prices than they otherwise could command can be found by looking at secondary ticket pricing. Especially in the NFL which has the greatest scarcity...
8. For any given price, how would the following changes impact a team’s revenue? a. Increase...
8. For any given price, how would the following changes impact a team’s revenue? a. Increase in the size of the market b. Building a new stadium c. Decline in the quality of the team’s roster 9. For a typical firm, what is the shape of the marginal cost curve? Why does it have this shape? 10. For a sports team, what might the shape of the marginal cost curve be? Why does it have this shape? 11. What is...
Taylor Stadium is evaluating ticket prices for its baseball games. Studies have shown that Monday and...
Taylor Stadium is evaluating ticket prices for its baseball games. Studies have shown that Monday and Tuesday ball games average less than half the fans of games on other days. The following information pertains to the stadium's normal operations per season. Average fans per game 5,000 fans Average fans per Monday/Tuesday game 2,000 fans Stadium operating hours per season for baseball 300 hours Stadium capacity 7,000 seats Variable operating costs per hour $2,000 Fixed overhead costs per year for all...
Most firms would like to have a current ratio of 2 or more. why might a...
Most firms would like to have a current ratio of 2 or more. why might a ratio lower than 2 be seen more favorably to shareholders?
Why is insertion sort considered better than bubble sort and does it have any significant impact...
Why is insertion sort considered better than bubble sort and does it have any significant impact on the total run time for N where n is the number of data points? (java)
Recently, a major bush-fire occurred in Australia. What impact would this have on the nation's production...
Recently, a major bush-fire occurred in Australia. What impact would this have on the nation's production possibilities frontier and why? A) It would shift outward because unemployment would be reduced. B) Nothing would happen because the nation would still have the same capabilities. C) A tradeoff would occur to replace the resources and goods destroyed. D) It would shift inward because some of the nation's resources, such as capital and labor, would have destroyed. E) It would not shift because...
Why would we choose to achieve less-than-100% conversion of gelatinized starch to fermentable sugars? What impact...
Why would we choose to achieve less-than-100% conversion of gelatinized starch to fermentable sugars? What impact does this lack of conversion have on the final beer product at the time of tasting? Discuss the role of non-fermentables that result from the mash process and their impact on beer product quality/product design.
Identify the career field you would like to enter. What type(s) of interview(s) might you expect...
Identify the career field you would like to enter. What type(s) of interview(s) might you expect given your choice of career? Is it likely that you will have just one interview? More than one? Why?
Would capillaries have more or less resistance to blood flow compared to an artery? Explain why.
Would capillaries have more or less resistance to blood flow compared to an artery? Explain why.
Question 6 Why would a companies spend over $1 million for a 30-second ad on television...
Question 6 Why would a companies spend over $1 million for a 30-second ad on television during the Super Bowl?                 because the Super Bowl is a significant opportunity to be associated with global marketing                 because the Super Bowl offers an opportunity to create significant brand awareness                 because Super Bowl ads generate brand loyalty                 because of the annual competition for the most creative Super Bowl ad                 there is no good reason Question 7 United Airlines Credit...
ADVERTISEMENT
Need Online Homework Help?

Get Answers For Free
Most questions answered within 1 hours.

Ask a Question
ADVERTISEMENT