Precedent Provides

question 10

Multiple Choice

Precedent provides:

• A)Suggested rules for deciding cases.
• B)The basis for deciding similar issues in latter cases.
• C)That what is decided by upper courts is not relevant or applicable to lower courts.
• D)All of the above.

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Definitions:

Marginal Benefit

The extra utility or satisfaction garnered by consuming one more unit of a good or service.

Marginal Cost

The amount spent on generating an extra unit of a product or service.

Optimal Amount

The most efficient, effective or desirable quantity or level.

Pollution Abatement

Methods or processes implemented to reduce, control, or eliminate pollution from various sources.