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The enactment of the War Powers Act has sparked intense debate for decades. Summarize the arguments on both sides of the debate. Then, pick a side and provide support for your position. Use real world examples if necessary.
Marginal Cost
The expense associated with manufacturing an extra unit of a product or service.
Variable Cost
Variable cost pertains to a cost that changes in proportion with the level of activity or volume of production in a company.
Average Fixed Cost
The fixed costs of production divided by the quantity of output produced, which decreases as production increases.
Law Of Diminishing Returns
An economic 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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