1. A player earns $900,000 a year. The player?s statistics indicate that his marginal product ofterms of winning percentage is .02. For example, if this players joined a club that was playing500 ball, ie winning half of its games, then the team?s winning percentage would rise to 0.520.How much must the marginal revenue of a win be for this player to be underpaid? Explain.(Assume there are 100 games in a season.)2.Major League Baseball Players? today are overpaid compared to players forty years ago.Explain why you agree or disagree with that statement. Reference to specific articles you readwill make for a better answer.3.Explain the circumstances and importance of each of the following court cases. Be sure toexplain the ruling of the Court.A) Federal Base Ball Club of Baltimore, Inc. v. National League of Professional BaseBall Clubs et al, (1922)B) Flood v. Kuhn, (1972)4.A baseball player earns $1,650,000 a year. Scully estimated that an increase by 1 inthe number of games won raises revenues by $286,911. Explain to the general manager of thisplayer?s team how you would decide if the player was overpaid, underpaid, or paid the rightamount5.