American Civil War. The American Civil War was an internal conflict fought in the United States (U.S.) from 1861 to 1865. The Union (i.e., The United States) faced secessionists in eleven Southern states grouped together as the Confederate States of America. The Union won the war, which remains the bloodiest in U.S. history.
Marginal cost tells us the a. value of all resources used in a production process. b. marginal increment to profitability when price is constant. c. amount by which total cost rises when output is increased by one unit. d. amount by which output rises when labor is increased by one unit.
1 A marginal cost lower than the price at which items are sold indicates that it is not always necessary to cut prices to sell more. 2  Using idle capacity to produce lower-margin items can still be beneficial, because these generate revenues that help cover fixed costs.uch economic theory is based not on marginal analysis of totals but on analyzing the changes caused by increasing or decreasing those totals. Marginal cost is the increase in total costs resulting from a unit increase in production.