Explain how you would use the micro-economic concepts


Problem

The Covid-19 pandemic has meant that many business leaders needed to make difficult decisions.

Pretend you were the commissioner of a professional sports league and you needed to decide whether to play the season, either in part or in its entirety.

Explain how you would use the micro-economic concepts of opportunity cost and marginal analysis to make a decision. Remember: the best decisions are made after considering a scenario thoroughly. You must incorporate opportunity cost and marginal analysis, but you may also incorporate other economics concepts as you deem appropriate.

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Macroeconomics: Explain how you would use the micro-economic concepts
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