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How are cases such as R (Jackson and Others) v Attorney-General [2005] UKHL 56 and H v Lord Advocate [2012] UKSC 24 changing our understanding of Parliamentary sovereignty?
Marginal Cost (MC) Curves
Graphs showing the cost of producing one additional unit of a good, illustrating how the cost varies with the level of output.
Diminishing Returns
A rule in economics that holds that after reaching a certain level, further investments in a specific sector will not yield higher returns if all other conditions stay the same.
Law of Demand
The economic principle stating that as the price of a good increases, demand for that good will decrease, and vice versa.
Marginal Cost (MC) Curve
A graphical representation showing how the cost to produce one additional unit of output changes as production volume increases.
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