In: Economics
Explain 3-4 paragraphs When do players reach their peak performance in different physical activities? How does this affect their value?
In different physical activities age of the player is the most important factor to determine their peak performance level because stamina and performance capability of physical activities depends on strength and particular age group . It also depends upon experience and dedication . Players in different physical activities reach their peak performances at different ages . Also it depends upon one player and another when they will reach their peak performance level .
In terms of economic this can be defined as the period when the player's marginal productivity is highest . The marginal effort put in by the player yeilds highest marginal productivity or performance at this peak level . So at this level a player has very high value and is paid highly . It is the same concept as profit maximization . But here the level of productivity of a player is dynamic and decreases with age .
Thus , different players attain this highest value level at different ages . Also consumer demand and popularity causes one player's value from a particular sport to be higher than another player from a different sport .