In Major League Baseball, a Player's WAR (Wins Above Replacement)

Multiple Choice

In Major League Baseball, a player's WAR (wins above replacement) is a rough measure of the player's marginal product of labor. Specifically, WAR measures how many additional wins a player's performance would register for the team above the performance of the average player at his position. For 2015, center fielder Mike Trout of the Los Angeles Angels had a war of 7.55. (Assume that Trout's performance in 2016 is expected to be exactly the same as in 2015.) Suppose an additional win is worth $1.7 million to the Angels in 2016. What is Trout's value of marginal product of labor in 2016? Explain your answer.

A) $1.7 million
B) $7.55 million
C) $12.84 million
D) $17 million