In the Case of the University of California V

question 30

Multiple Choice

In the case of the University of California v.Bakke, the U.S.Supreme Court determined that:

• A)universities cannot use race or ethnicity as a criterion for selecting students for admission.
• B)universities can use quotas based on race or ethnicity as needed to attain an ethnically diverse student body.
• C)using race as a criterion in selecting students was legitimate if it was one among many criteria in creating a more ethnically balanced student body.
• D)using race or ethnicity as a criterion in selecting students constituted a form of reverse discrimination against whites.

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Definitions:

Average Total Cost

The total cost of production (fixed and variable costs combined) divided by the number of units produced, representing the per-unit cost of production.

Marginal Cost

The increase in cost resulting from the production of one additional unit of a good.

Total Cost Curve

A graphical representation showing the total cost of producing varying quantities of output, typically sloping upwards as output increases.

Average Total Cost

The total cost of production divided by the number of units produced, representing the cost per unit.