Did I hear you guys in the back of room say, "come on Mrs. Rowland.....you know we LOVE Economics, but give us a good example of Supply and Demand and oh yeah, sports." You know me, I love a challenge, okay, how about 1 ball and an auction? How about Mark Echo purchasing Barry Bonds 756th home run ball for $752,467 dollars. That's right count the digits. Matt Murphy was the lucky member in the audience to make the catch and saw a way to make some money, but Echo, was the man who has more money than some of us will ever dream of. Echo says... "let's let the people decide what to do with the ball". The consumer is always right, right?
Bonds is furious with this idea. But Echo say's to the consumers you got three choices. Your choices are:
A: Bestow It - Give the ball to the Hall of Fame
B: Brand It - Put an asterik on the ball with a branding iron and give it to the Hall of Fame
C: Banish It - Put the ball on a rocket ship and launch it into outer space
What you mean sports and economics can go together?
Voting ends September 25th, 2007
So, what do you think about this? Is any ball worth this kind of money? How do you feel about Echo's decision to let the people decide what to do with the ball? If you would have had the money to buy the ball, what would you do with it?
3 comments:
What would i do with the home run ball? My decision would be to give the ball the the hall of fame, but to brand it with an asterik. I would brand the ball becasue everybody knows Bonds used steroids and there is no question about it. Im not a huge baseball fan but there is no way Bonds did not use steroids. The way the vote should be is to give to the hall of fame, branded with an asterik.
I would give Barry Bonds' 756th Home Run Ball to the hall of fame but I would also brand it with an asterik. I agree with Alec's point that Bonds used steroids. It is unbelieveablty hard to hit a baseball over a huge fence like that and steroids are a big factor. The way the vote should turn out in my opinion is that the ball is to be given to the hall of fame and branded with an asterik.
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