Despite the Presence of Law Enforcement Officials in the Colonies

question 47

True/False

Despite the presence of law enforcement officials in the colonies, law enforcement was still the responsibility of the Crown.

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Definitions:

Economic Profit

is the surplus or gain realized when the total revenues generated by a business exceed the explicit and implicit costs of operation.

Average Total Cost

The sum of all production expenses divided by the amount of products made.

Units

Basic measures or quantities, such as length, mass, time, etc., that serve as standards for expressing and comparing quantities.

Average Total Cost

The total cost of production (fixed and variable costs combined) divided by the number of units produced.