Question

what would the wage have to be for the foreign-born basketball players before the discriminating owner is indifferent between hiring a foreign-born basketball player and hiring a native-born basketball player (if native born basketball players are paid $10.88 million)? round your answer to two (2) decimal places. [8 points]

Answer 1

Foreign players, like any other overseas national, require to apply for work visas with a sponsorship from their enterprise (in this situation, a sports group and/or league) for a specific activity (in this case, play sports).

At that factor, they might have the authorization to work in united states of America.

Hank Biasatti, who became born in Italy and raised in Canada, became the first worldwide participant in the league in 1946. The quantity of international gamers inside the league rose after the formation of the Dream team while NBA players have been allowed into Olympic play starting in 1992.

International players have special eligibility requirements to take part in the NBA Draft as a global participants.

Learn more about sponsorship here: https://brainly.com/question/5001138

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