MATCHING Match Each Description with the Item Below

question 9

Multiple Choice

MATCHING
Match each description with the item below.
-Roger B.Taney

• A)a candidate for the presidency in the 1860 election
• B)led the Pottawatomie Massacre
• C)elected president of the Confederate States of America
• D)died in July 1850
• E)caned Charles Sumner
• F)the "Little Giant" who succeeded in getting the Compromise of 1850 passed by breaking it into separate proposals
• G)argued that Congress needed to protect the right of slave owners to take their "property" into the territories
• H)the chief justice for the Dred Scott case
• I)the 1848 Free-Soil presidential candidate
• J)the president who supported the Compromise of 1850

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Definitions:

Economies of Scale

The cost advantages that a business can exploit by expanding their scale of production, leading to a lower cost per unit.

Diseconomies of Scale

Increased costs per unit that occur when a company grows too large, leading to inefficiencies.

Long-Run Average Cost Curve

A graphical representation showing the minimum cost per unit at which a firm can produce any given level of output in the long run when all inputs are variable.

Diseconomies of Scale

The phenomenon where, as a firm becomes too large, its costs per unit increase due to inefficiencies, leading to a decrease in overall productivity or cost-effectiveness.