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Tim played first base for a minor league baseball team,the Salamanders.During a home game,a fan for the visiting team was seated near first base and heckling Tim.The fan said that Tim's mother wore army boots,and that Tim played like he was in Little League.Finally,Tim had had enough,and threw his right shoe at the fan,injuring him.An hour after the game in a nearby bar,a drunk fan was threatening the Salamanders' right fielder,also their star hitter.Although this person was too drunk to have inflicted injury,Tim punched him a couple of times in order to protect his friend and star.Discuss the liability of the Salamanders for these injuries.
Quantity
The amount or number of a material or immaterial good considered as a discrete unit or in total.
AVC
Average Variable Cost, which is the variable cost per unit of output, including costs that change with production volume.
ATC
Average Total Cost (ATC) refers to the total cost per unit of output, calculated by dividing the total cost by the quantity of output produced.
Economic Loss
The difference between the revenues received from the sale of an output and the opportunity cost of the inputs used.
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