Who Made the First Clear Statement of the Law of Superposition

question 83

Multiple Choice

Who made the first clear statement of the law of superposition? When?

• A)John Wesley Powell,nineteenth century
• B)William Smith,eighteenth century
• C)John Stuart Priestly,nineteenth century
• D)Nicolaus Steno,seventeenth century

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Definitions:

MSC (Marginal Social Cost)

The complete expenditure for society to create an extra unit of a product or service, covering both personal costs and any additional external expenses.

MC (Marginal Cost)

The cost of producing an additional unit of a good or service.

P (Price)

The amount of money required to purchase a good or service, determined by the interaction of supply and demand in the market.

Efficient Level

Describes a state where resources are allocated in a way that maximizes productivity or utility with minimal waste.