Examlex
The Constitution was originally ratified as a document that did not contain a Bill of Rights. While amending the Constitution to provide for an enumeration of these rights was essential to ratification, many of the drafters of the document originally argued that it was not a necessary component, and indeed should not be part, of the Constitution. Describe how the federal government (from the standpoint of each of the three branches) might operate in the absence of a Bill of Rights. Explain your views on whether the Bill of Rights is an essential aspect of the Constitution.
Marginal Product
The additional output generated by adding one more unit of a specific input, holding all other inputs constant.
Output Units
The quantity of goods or services produced, measured in units, which can refer to individual items, batches, or specific measures of output.
Law of Diminishing Returns
An economic principle stating that as 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 at a constant.
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