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.
Definition: Marginal Cost is an increase in total cost that results from a one unit increase in output. It is defined as: The cost that results from a one unit change in the production rate.t is the difference between the total cost of the 6th unit and the total cost of the, 5th unit and so forth. Marginal Cost is governed only by variable cost which changes with changes in output. Marginal cost which is really an incremental cost can be expressed in symbols.