The Burden of ___________Requires the Party with the Burden on a Factual

question 9

Multiple Choice

The burden of ___________requires the party with the burden on a factual issue to introduce sufficient relevant evidence to prove the fact at issue.

• A)evidence
• B)proof
• C)persuasion
• D)production

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Definitions:

Marginal Cost

The incurred cost from generating one more unit of a product or service.

Deadweight Loss

The loss of economic efficiency that occurs when the equilibrium for a good or service is not achieved or is not achievable.

Marginal Cost

The increase in total cost that arises from producing an additional unit of a good or service.

Marginal Benefit

The extra pleasure or benefit gained from consuming an additional unit of a product or service.