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hoa [83]
3 years ago
6

[Related to Solved Problem​ 3.1B] In​ 2015, the Washington Nationals baseball team signed pitcher Max Scherzer to a contract to

play for them for seven years. He would be paid​ $15 million dollars per year for 14 years—an additional 7 years beyond the end of the time he would be committed to play for the Nationals. The contract was widely reported as being worth​ $210 million​ (or $15 million per year×14 ​years). One baseball writer​ argued, though, that "this deal serves as a nice reminder that the payment terms of a deal can have an impact on the actual value of the contract." ​Source: Dave​ Cameron, "Max Scherzer and When​ $210 Million​ Isn't $210 ​Million," fangraphs​, January​ 19, 2015. Which of the following statements best represents the actual value of the​ contract? A. The actual value of the contract is more than​ $30 million for each year he plays. B. ​Scherzer's contract is worth​ $210 million on the day he signs it. C. The actual value of the contract is less than​ $30 million for each year he plays. D. The actual value of the contract is​ $30 million for each year he plays. Assume for simplicity that Scherzer receives his​ $15 million per year salaries for​ 2018, 2019, and 2020 at the end of each calendar year. The interest rate for this period of time is​ 7%. The present value of the salaries he will receive for these three years on January​ 1, 2018 is approximately A. ​$41.9 million. B. ​$45 million. C. ​$36.7 million. D. ​$39.4 million.
Business
1 answer:
Ne4ueva [31]3 years ago
3 0
That’s to long but 30 x 210
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3 years ago
In a economy, the government owns the means of production.
Daniel [21]

Answer:

(a) Command

Explanation:

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This ultimately implies that, in a command economy, the government owns the means of production.

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5 0
3 years ago
A regional airline owns 10 aircraft and employs 20 pilots. The airline makes an average of three trips per day with each of its
marishachu [46]

Answer:

a short-run decision because the number of aircraft is held constant while the labor input is changed.

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6 0
3 years ago
Read 2 more answers
g There are three types of people in the town of Santa Barbara: 13 type A, 25 type B, and 32 type C. Everyone in the town loves
rusak2 [61]

Answer:

23.5 acres

Explanation:

Pareto Efficient garden area:

Marginal Cost = Marginal Benefit

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     13G            = 306

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        G             = 23.5

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