Determining Marginal Cost
Running shoe
inserts per
day
Total cost Marginal
Using the table, calculate the marginal cost of each
quantity of shoe inserts.
The first pair: $
The third pair: $
The fifth pair. $
57
3
$10
$11
$13

Explanation:

On March 4, 1829, Andrew Jackson took the oath of office and became the seventh President of the United States. Jackson's inauguration has become a part of American political folklore because thousand of people participated in the ceremonies. Jackson's supporters reveled in the image of an executive mansion, and by extension a government, open to all. His critics cited the chaos of the day as an example of the will of the people run amok. The lasting images of the inauguration have made it a staple in histories of the American presidency as well histories of Andrew Jackson and his times.

Jackson's inaugural was the first one to take place on the east portico of the Capitol building in Washington. (Presidential inaugurations were moved to the west portico in 1981.) This site was selected in order to accommodate the thousands of people who had journeyed to Washington, D.C., to witness the inauguration. Public adulation greeted Jackson before the ceremony began, and thousands thronged around him when he left his hotel to walk to the Capitol. Jackson played the part of a democratic hero, as he wore a suit of plain black and no hat. His tall figure and gray hair made him easily visible to the crowds. Somewhere between 15,000 and 20,000 people witnessed Jackson deliver his inaugural address and take the oath of office. Before and after the ceremony, Jackson bowed to the people, a symbolic gesture that was the exact opposite of a monarchy, where the people bow to the king or queen.

Jackson delivered his address before receiving the oath of office, as was the practice of the time. His inaugural address was brief, lasting only about ten minutes. In the address, he reaffirmed many of the promises he and his supporters had made during the campaign. He would work against corruption and for reform. He promised to end the national debt and keep the size of the government small. There was little new in the address, and as Jackson did not speak loudly, not many in the crowd heard it. After the address, when Chief Justice John Marshall administered the oath of office to Jackson, the whole crowd cheered wildly.

The bulk of the crowd walked with the new President down Pennsylvania Avenue to the White House. The executive mansion had traditionally been kept open for the public to call on the President during inauguration day, but the sheer numbers on the day of Jackson's inauguration surpassed anything seen before. No one was prepared for it, and people grew impatient as they waited in line to meet Jackson. The lower floor of the White House filled to capacity, and then people began climbing over carpets and furniture in order to get even a glimpse of the new President. Many in the crowd swarmed on waiters when they brought out drinks and ice cream, and the rush to be served resulted in thousands of dollars of broken china. Washington elites looked on the entire episode as evidence of a new era in American politics, and not necessarily a change for the better. The press of people overwhelmed even Jackson himself, and he escaped the mansion in the late afternoon to return to his hotel.Following his anonymous printing of the South Carolina Exposition and Protest in 1828, Vice President John C. Calhoun suggests that his state of South Carolina annul the federally imposed protective cotton tariff. Jackson threatens to deploy federal troops to occupy the state in the event of nullification. On April 13, at the Jefferson Day Dinner in Washington, D.C., Jackson denounces Calhoun and his theory of nullification, declaring, “Our Union—it must be preserved!” Calhoun responds, “The Union, next to our liberty most dear!” The following month, Jackson will receive confirmation that in 1818, Calhoun supported a measure to discipline Jackson for his military involvement in Florida. This discovery generates terse correspondence between the two.

Congress passes the Indian Removal Act, sanctioning the forcible relocation of Creek, Chickasaw, Cherokee, Choctaw, and Seminole tribes to land allotments west of the Mississippi river. Ninety-four removal treaties follow the bill's enactment. From 1835 to 1838, Cherokee and Creek are forcibly removed from the Southeast onto reservations. Nearly one quarter die along what became known as the “Trail of Tears.”Jackson vetoes the Maysville Road bill, which would have sanctioned the federal government's purchase of stock for the creation of a road entirely within Kentucky, the home state of longtime foe Henry Clay. Jackson regards the project as a local matter and thinks its funding should come from local sources. Jackson is not entirely opposed to the federal financing of such projects, supporting the allocation of federal monies for the National Road. Nevertheless, his veto of the Maysville Road bill indicates a shift in how the federal government intends to pay for internal improvements. Meanwhile, opponents interpret the move as an abuse of power.

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