At the time of the National Football League strike in 1987, the football owners made available the following data:
| Revenue |
|
|
| Source of Revenue Before the Strike During the Strike |
| Television $973,000 $973,000 |
| Stadium gate 526,000 126,000 |
| Luxury box seats 255,000 200,000 |
| Concessions 60,000 12,000 |
| Radio 40,000 40,000 |
| Players' salaries and costs 854,000 230,000 |
| Nonplayer costs (coaches' salaries) 200,000 200,000 |
(a) Compute total revenues, total expenses, and profits both before and during the strike.
Before Strike During Strike
Total revenue
Total expense
Total profit
(b) Who was better positioned to endure the strike? A 5 NFL owners B 5 players