Use the Following to Answer Questions: Table: All-Stars -(Table: All-Stars) Refer to the Table

question 171

Multiple Choice

Use the following to answer questions: Table: All-Stars $$\begin{array} { | c | c | } \hline \text { Number of All-Star } & \text { Marginal Product of Labor } \\\hline \text { Quality Pitchers } & \text { (MPL per season, millions) } \\\hline 1 & \$ 20 \\\hline 2 & 15 \\\hline 3 & 7 \\\hline 4 & 3 \\\hline 5 & 1 \\\hline 6 & 0.50 \\\hline\end{array}$$
-(Table: All-Stars) Refer to the table. A Major League Baseball team is trying to increase the quality of its pitching staff by hiring all-star quality pitchers. If the team hires three all-star pitchers, what is the going salary for an all-star pitcher?

• A) more than $7 million per season
• B) between $3 million and $7 million per season
• C) less than $3 million per season
• D) $42 million per season

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