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.
Marginal costing-definition Marginal costing distinguishes between fixed costs and variable costs as convention ally classified. The marginal cost of a product ââ is its variable costâ. This is normally taken to be; direct labour, direct material, direct expenses and the variable part of overheads.or example, if a manufacturing firm produces X unit at a cost of $ 300 and X+1 units at a cost of $ 320, the cost of an additional unit will be $ 20 which is marginal cost.