Project the financial viability of Social Security well into the twenty-first century.
Definitions:
Total Revenue
The overall amount of money generated by a business from its activities, typically from sales of goods or services before any expenses are deducted.
Marginal Cost Curves
A graphical representation showing how the cost of producing one additional unit of a good changes as production volume changes.
Law of Diminishing Returns
Law of Diminishing Returns states that in a production process, adding an additional factor of production, while holding all others constant, will at some point yield lower per-unit returns.
Sunk Costs
Costs that have already been incurred and cannot be recovered or refunded, and should not influence current or future decisions.
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