Shortly After World War II the U

question 27

True/False

Shortly after World War II the U.S.Supreme Court authorized full financial compensation to Japanese Americans for property losses as a result of wartime relocation.

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Definitions:

Marginal Resource Cost

The increase in total cost incurred by employing one more unit of a resource, such as labor or capital.

Total Cost

The sum of all costs incurred by a business in the production of goods or services, including fixed and variable costs.

Input

Resources (such as labor, materials, and capital) used in the production process to create goods or services.

Marginal Resource Cost

The additional cost incurred by a firm for using one more unit of input, like labor or raw materials.