Under the 20172021 labor agreement between Major League Baseball and the players, any team whose payroll exceeded
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Under the 2017–2021 labor agreement between Major League Baseball and the players, any team whose payroll exceeded $195 million in 2017 had to pay a competitive balance tax of 50%. The linear function T(p) = 0.50(p - 195) describes the competitive balance tax T for a team whose payroll was p (in millions of dollars).
(a) What is the domain of this linear function?
(b) What was the competitive balance tax for the New York Yankees, whose 2017 payroll was $209.3 million?
(c) Graph the linear function.
(d) What was the 2017 payroll for the Los Angeles Dodgers who paid a competitive balance tax of $24.5 million?
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