10.Before starring in Iron Man, Robert Downey Jr. had appeared in 45 movies that grossed an average of $5 million on the opening weekend. In contrast, Iron Man grossed $102 million. a.How do you expect the success of Iron Man to influence the opportunity cost of hiring Robert Downey Jr.? b.How have the incentives for a movie producer to hire Robert Downey Jr. changed? 11.What might be an incentive for you to take a class in summer school? List some of the benefits and costs involved in your decision. Would your choice be rational?

Macroeconomics: Private and Public Choice (MindTap Course List)
16th Edition
ISBN:9781305506756
Author:James D. Gwartney, Richard L. Stroup, Russell S. Sobel, David A. Macpherson
Publisher:James D. Gwartney, Richard L. Stroup, Russell S. Sobel, David A. Macpherson
Chapter2: Some Tools Of The Economist
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10.Before starring in Iron Man, Robert Downey Jr. had appeared in 45 movies that grossed an average of $5 million on the opening weekend. In contrast, Iron Man grossed $102 million.

a.How do you expect the success of Iron Man to influence the opportunity cost of hiring Robert Downey Jr.?

b.How have the incentives for a movie producer to hire Robert Downey Jr. changed?

11.What might be an incentive for you to take a class in summer school? List some of the benefits and costs involved in your decision. Would your choice be rational? 

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