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Under the legal doctrine of "employment at will" an employee can be lawfully terminated from her job for:
I.wearing a shirt that clashes with her suit
II.any non-discriminatory reason
III.complaining about illegal activity in the workplace
IV.only for good cause
Marginal Cost
The incremental cost associated with the production of an extra unit of a product or service.
Marginal Cost Curve
A curve that displays the additional cost associated with producing one more unit of output, typically showing how marginal cost changes with changes in production volume.
Total Cost Curve
A graph that shows the total cost incurred by a firm in the production of goods or services at different levels of output.
Diminishing Returns
The principle stating that if one factor of production is increased while others remain constant, the overall returns will eventually decrease after a certain point.
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