Suppose the Miami Dolphins Are Considering Adding Another Backup Quarterback

question 178

Multiple Choice

Suppose the Miami Dolphins are considering adding another backup quarterback to their roster.If the salary the Dolphins would have to pay equals $1,000,000 and the value of marginal product of the new quarterback equals $1,200,000,to maximize their profit the Dolphins should

• A) add the new quarterback.
• B) add two new quarterbacks.
• C) not add the new quarterback.
• D) not add the new quarterback and, in fact, get rid of at least one other backup quarterback.
• E) Not enough information is given to determine if the Dolphins should hire the quarterback.

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