A baseball team has $6 million to hire new players for the next season, and each...
A baseball team has $6 million to hire new players for the next season, and each new win is expected to increase revenue in $1 million. The estimated Wins Above Replacement (WAR) of players A, B and C, who play in different positions, are 6, 3 and 3, respectively. If the salaries requested by the three players are $6 million, $2.5 million and $2 million, what player(s) should be hired?
| A. |
Player A, because is the one that contributes with more wins. |
|
| B. |
Player C, because is the one that contributes with the greatest difference between additional revenue and additional cost. |
|
| C. |
Players B and C, because both contribute with positive profits. |
|
| D. |
None of them, because the $6 million can be pocketed as profits. |
Homework Answers
option D) None of them, as profit is maximum in this case compared to other options available.
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A baseball team has $6 million to hire new players for the next
season, and each...
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