Assume a healthy baseball pitcher is worth $5 million per year to his team, compared to only

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Assume a healthy baseball pitcher is worth $5 million per year to his team, compared to only $1 million for an unhealthy one. According to a baseball executive, "If my assumptions are correct, our team is willing to pay a maximum of $3 million for a pitcher in the free-agent market."
What are the executive's assumptions?
Are these assumptions realistic?
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Macroeconomics Principles Applications And Tools

ISBN: 9780134089034

7th Edition

Authors: Arthur O Sullivan, Steven M. Sheffrin, Stephen J. Perez

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