Question: Problem 10.1. A Major League Baseball tam is considering increasing the quality of its pitching staff by hiring all-star quality pitchers. The table below shows

Problem 10.1. A Major League Baseball tam is considering increasing the quality of its pitching staff by hiring all-star quality pitchers. The table below shows the marginal product of labor (MPL) for the team for each number of pitchers. All-Star Pitchers MPL ($m 15.335011) (b) How low would salaries need to fall before the 1 $24 team would hire an additional ail-star pitcher? 2 $20 l.__..l i g; (c) How would a rule to limit the number of innings 5 $1 a pitcher could play per season affect the MPL? 6 $05 'D increase D decrease D not change E can't tell I (a) If the salary for an all-star pitcher is $12 mil- lion per season, how many will this team hire? :1

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