Marginal Cost

question 13

Multiple Choice

Marginal cost

• A)Is the change in total output from hiring one more factor of production.
• B)Is the change in total cost associated with a one-unit increase in production.
• C)Falls when there are diminishing returns.
• D)Is the change in the total cost when hiring one more factor of production.

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Definitions:

Plessy v. Ferguson

A landmark 1896 Supreme Court case that upheld state-imposed racial segregation based on the "separate but equal" doctrine.

Segregation

The enforced separation of different racial or ethnic groups within a society, often leading to discrimination or unequal treatment.

Civil Rights

The rights of citizens to political and social freedom and equality, often protected under law from discrimination on grounds such as race, gender, or sexual orientation.

Equal Protection

Refers to the constitutional guarantee under the Fourteenth Amendment that no state will deny any person within its jurisdiction the equal protection of the laws.