1 If you look at the movement of teams from one city to another, you will find that some teams move to cities with smaller populations. For example the owner of the NFL’s Los Angeles Rams moved her team to St. Louis for the 1997 season (examine Table 2.4 for population and income characteristics of the area pg 22). Is this a bad business decision- explain and support your answer. 2. Explain the role of inflation rate in comparison of team revenues over time. 3. Using the data from figure 2.12 (pg 43) and table 2.6 (pg 43) answer the following questions:What is the range of total revenues in the NHL? What is the ratio of highest to lowest total revenue? Identify the team with the smallest total revenues in the NHL. This team is not very successful yet the MLB teams for this area are- how can this be? Given your answer for part A, do you expect play on the ice to be balanced in the NHL? Why or Why not. Based on the revenue dispersion, which of the leagues covered in Figure 2.12 and Table 2.6 do you think would be the most competitively balanced? Why? In Table 3.3 what was the largest percent increase in Super Bowl Advertising rates between years? What explains this large increase? Use the idea of the marginal revenue product of advertising slots to explain why advertisers put so much more into professional football than into other sports (see Table 3.2) Does this explanation also explain the amount of advertisers put into the sport with the lowest amount? Explain.Below I will send a tables! that you need to work with them!