The Declaration of the Rights of Man and the Citizen

question 32

Multiple Choice

The Declaration of the Rights of Man and the Citizen:

• A)was never accepted by Louis XVI and thus never went into effect.
• B)was renounced two years later in favor of the Constitution of 1791.
• C)gave equal political and social rights to all men and women.
• D)was a moral document specifying the natural rights of human beings.
• E)was written by Jean-Jacques Rousseau and formed the basis for the French Revolution.

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Definitions:

Multiproduct Cost Function

A Multiproduct Cost Function calculates the cost of producing different products within the same firm, taking into account the cost interactions between producing multiple products.

Economies of Scope

Cost advantages that a business experiences by producing a wider variety of products, as opposed to specializing in a single product or service.

Learning Curve

Graph relating amount of inputs needed by a firm to produce each unit of output to its cumulative output.

Average Costs

The total cost of production divided by the quantity produced, indicating the cost per unit of product or service.