Examlex
In the short run,if marginal cost is higher than average total cost,producing an extra unit of output must raise average total cost.
American Colonies
The original thirteen British colonies in North America that declared independence in 1776 to form the United States.
1700s
The 18th century, a period marked by significant changes worldwide, including enlightenment thinking, industrial advances, and the American and French revolutions.
Enslaved African People
Individuals of African descent who were forcibly brought under control and used for labor, predominantly in the Americas, during the transatlantic slave trade period.
Eighteenth Century
The period from 1701 to 1800 in the Gregorian calendar, known for its significant developments in Enlightenment thought, political revolutions, and the early stages of the Industrial Revolution.
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