During the Early Modern Period in Africa,the Basis of Social

question 23

Multiple Choice

During the early modern period in Africa,the basis of social organization continued to be

• A)religious organizations of a syncretic nature.
• B)kinship groups.
• C)paramilitary organizations.
• D)guilds.
• E)the modern European-style nuclear family.

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Definitions:

Linear Marginal Cost

A situation where the additional cost of producing one more unit of output is constant, regardless of the quantity produced.

Sunk Costs

Expenses that have already been incurred and cannot be recovered or refunded.

Fixed Costs

Expenses that do not change in proportion to the activity of a business, such as rent, salaries, and insurance.

Explicit Costs

Input costs that require an outlay of money by the firm