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please solve it in 10 mins I will thumb you up 9. The Boston Red Sox had a club option for player Manny Ramirez at

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please solve it in 10 mins I will thumb you up

9. The Boston Red Sox had a club option for player Manny Ramirez at $20 million per year for 2009 and 2010. Or in economic jargon, the Red Sox had a call option on Ramirez's labor. If the market value for their option (only using these Ramirez's labor is given at $25 million the Red Sox should economic considerations). a. exercise b. not exercise

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