The __________ Was Created in 1945, and Originally Included Fifty-One

question 2

Short Answer

The __________ was created in 1945, and originally included fifty-one members as well as a Security Council with eleven members.

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Definitions:

Economic Profit

The surplus remaining after total costs are subtracted from total revenue, considering both explicit and implicit costs.

Marginal Revenue

The additional income earned by a firm from selling one more unit of a good or service.

Marginal Cost

The cost of producing one additional unit of a good or service, often used in decision-making to determine the optimal level of production.

Average Total Cost

The total cost of production divided by the quantity of output produced, representing the cost per unit of output.