The Roman Dictator

question 91

Multiple Choice

The Roman Dictator

• A)was a temporary executive during the period of the Republic.
• B)exercised unlimited power for a period of usually six months.
• C)was responsible for getting Rome involved in the Punic Wars.
• D)all the above
• E)a and b

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Definitions:

Marginal Cost

The extra cost triggered by the production of an additional unit of a product or service.

Marginal Revenue

The additional income from selling one more unit of a good or service.

Marginal Cost

The hike in overall costs when one extra unit of a product or service is produced.

Economic Profits

The difference between total revenue and total costs, including both explicit and implicit costs, representing surplus remaining after all costs have been paid.