The Emperor Responsible for the Reorganization of the Roman Government

question 20

Multiple Choice

The emperor responsible for the reorganization of the Roman government after 31 BCE went by the honorific name of

• A)Julius Caesar.
• B)Caligula.
• C)Nero.
• D)Claudius.
• E)Augustus.

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Definitions:

Marginal Cost Curve

A graphical representation showing how the cost to produce one additional unit changes as more units are produced.

Profits

The financial gain realized when the revenue earned from business activities exceeds the expenses, costs, and taxes needed to sustain those activities.

Output

The quantity of goods or services produced by a business, industry, or economy within a specific period.

Shutting Down

A short-run decision by a firm to cease production temporarily due to unfavorable market conditions.