Font size
WorksheetsWestham are back in Europe quiz
Total questions: 20
Worksheet time: 10mins
Next season the market for tickets for games at Westham can be described as
PES=0, PED>1
PES=1, PED=0
PES=0, PED<1
PES=1, PED<1
Next season David Moyes choose to rest players from the Europa league, concerned over fatique. This means that some fans are unclear whether to purchase a season ticket for Europa games or not? This is an example of
Market failure
Over consumption of a good
Bounded rationality
Asymmetric information
Following their success in the league this year, demand for games at the London stadium, next season, are expected to..........
Rise in quantity demanded
Rise in demand
Become more PED elastic
Become more PES elastic
As reward for finishing in the league this season, Westham are expected to be awarded £35 million as their share of Premier league takings. This is likely to lead to.....
A fall in the price of match tickets
A rise in wages of all players in the squad
A rise in wages of the most skilled players in the squad
Greater profits for the Westham owners
Which of the following statements are correct about the playing staff (tick all of those that are correct)
The teams best players have the lowest PES
The teams best players have the highest PED
Players outside the squad have the highest PES
Demand for players in the squad will fall next season
In 1961, footballer Jimmy Hill successfully campaigned to remove the maximum wage for footballers. Which of the following benefited most from the ruling?
Players outside of the clubs first team
Manager Ron Greenwood
The clubs supporters
Westham star players - Bobby Moore, Martin Peters and Geoff Hurst
The government places an indirect tax on football tickets, which of the following statements are true:
The majority of the tax burden will be paid by the club through lower ticket sales
The majority of the tax burden will be paid by the supporters through higher ticket prices
The tax burden will be shared equally by the club and supporters
It is unclear how the proportion of tax will be paid
Following a rise in the level of minimum wage, explain the impact on the clubs revenue and cost
There will be a significant rise in labour costs
There will be a small rise in labour costs
There will be no rise in labour costs
There will be a significant rise in revenue for the club
The club finds that as it reduces ticket prices by 10%, average attendance at the ground rises from 35,000 to 45,000. The PED of match tickets is:
3
2.9
2.6
2.7
The club operates a mixed pricing system whereby adults pay more for their match tickets than U16 ticket holders. This is because.....
Tickets are limited in supply
Demand for adults > children
The PED for adults > children
The PED for adults < children
Matches against some of clubs biggest rivals require a larger police presence, this has to be paid by the club and is an example of............
Internalising the externality
Asymmetric information
MPC>MSC
MSB>MSC
What is the PES of match tickets at the stadium
PES=1
PES=infinity
PES = inelastic
PES = 0
The club finds that when the price of match tickets falls by 20%, demand for burgers and drinks at the club increases by 30%. Which of the following statements is true:
Match tickets and snacks have a XED > 0
Match tickets and snacks have a XED < 0
Match tickets and snacks have a XED = 0
Match tickets and snacks are PED elastic
The clubs players spend one afternoon every week coaching in local schools, as a part of their contract. This is an example of .................
Reducing MSC of the club
Reducing MSB of the club
Increased MSB of the club
Increased MPB of the club
Next season the clubs fans and players will be required to fly to different European venues, increasing the clubs carbon footprint. This is an example of .............
A demerit good
A merit good
A public good
A private good
Match tickets for the club are examples of:
Public goods
Private goods
Merit goods
Demerit goods
Matches shown on free to air television are examples of ...............
Public goods
Private goods
Common access goods
Merit goods
A season ticket holder finds that the level of enjoyment he receives for the final matches of the season is lower than the first one that he attends. This is an example of......
Falling total utility
Falling marginal utility
Bounded rationality
Anchoring
Which of the following is likely to be true about the market for match day tickets:
YED elastic, PED elastic
YED inelastic, PED inelastic
YED inelastic, PED elastic
YED elastic, PED inelastic
The club finds that as the price of BT and Sky sports rises in price, demand for match day ticket rises, this is because .......
Of the rationality of football fans
XED of the two goods is <0
XED of the two goods is =0
XED of the two goods is >0
