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In his meeting with the owner of the Oakland Athletics, Steve Schott, General Manager Billy Beane asks him for more money for payroll so that
In his meeting with the owner of the Oakland Athletics, Steve Schott, General Manager Billy Beane asks him for more money for payroll so that he can improve the team to compete with the teams with larger budgets - a request that Schott denies by saying, "We are a small market team and you are a small market GM. I am asking you to be ok not spending money that I don't have."
Explain Schott's position using the concepts of total cost, total revenue, and profit.
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