What Was the Approximate Size of the Global Population in the Roman

question 15

Multiple Choice

What was the approximate size of the global population in the Roman Period, 1 CE?

• A) 1 billion
• B) 2 billion
• C) 500,000
• D) 200,000,000

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Definitions:

Output Increases

A rise in the quantity of goods or services produced by a company or economy.

Law of Diminishing Returns

The principle that as the level of investment in a particular area increases, the rate of profit from that investment, after a certain point, cannot continue to increase if other inputs remain constant.

Marginal Cost

The cost of producing one additional unit of a good or service.

Average Total Cost

The total cost of production divided by the quantity produced, indicating the cost effectiveness of producing goods.