In Baseball,when One Manager Decides to Send in a Pinch

question 142

Multiple Choice

In baseball,when one manager decides to send in a pinch hitter,the other manager often changes pitchers.This sometimes causes the first manager to send in a new pinch hitter.Once both managers decide that no more player substitutions will benefit their team,the situation has reached:

• A)efficiency.
• B)equilibrium.
• C)equity.
• D)the market.

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Definitions:

Output

The total amount of goods or services produced by a company, industry, or economy within a specified period.

Fixed Costs

Expenses that do not change with the volume of output, such as rent, salaries, and insurance premiums.

Variable Costs

Expenses that vary directly with the amount of production output.

Total Costs

Total costs encompass the sum of all expenses incurred in the production of goods or services, including fixed and variable costs.