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What is a microaggression? Give an example. How are microaggressions experienced by the perpetrator? How are they experienced by the victim? Do you believe the idea of microaggression is itself damaging? Why or why not? Your answer should be one to two paragraphs in length.
Production Possibilities Curve
A graph that shows the maximum number of possible units a company can produce if it only produces two types of goods given a fixed amount of resources.
Marginal Costs
The extra financial burden of manufacturing another unit of a product or service.
Marginal Benefits
The improvement in benefit or utility realized by consuming or producing one more unit of a good or service.
Least-Cost Production
An economic principle where firms seek to produce their output at the minimum possible cost to maximize efficiency and profitability.
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