Explain the Role of the Legislative and Executive Branches of the U.S.government

question 19

Essay

Explain the role of the legislative and executive branches of the U.S.government in making an environmental bill or some other kind of legislation into a law.

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Definitions:

MC

The additional cost incurred for producing one more unit of a good or service; it's synonymous with marginal cost.

Marginal Cost

is defined as the increase in total production cost that arises from producing an additional unit of a good or service.

TVC

Total Variable Costs, which are the sum of expenses that vary directly with the level of production or business activity.

TFC

Total Fixed Costs, which are the sum of all costs that remain constant regardless of the level of production or output.