When the U

question 37

Essay

When the U.S.Constitution was written and established the Supreme Court,the population of the country was under 5 million.Today the population is more than 260 million.Because this means that there are far more lawsuits today than in the early days of our nation,the chances that the Supreme Court will accept a case is much smaller today than in the past.Should one or more additional "supreme" courts be established so that more cases are reviewed twice?

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Definitions:

Diseconomies of Scale

The condition in which a company's costs per unit increase as it produces more units, typically due to inefficiencies that arise with increased size or output.

Diminishing Marginal Returns

A principle stating that as additional units of a variable input are added to a fixed input, the additions to output will eventually decrease.

Law of Diminishing Returns

An economic principle stating that as investment in a particular area increases, the rate of profit from that investment, after a certain point, cannot continue to increase if other variables remain constant.

Total Cost

The aggregate of expenses related to the manufacturing of products or provision of services, which includes costs that stay the same as well as those that vary.