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Alborosie
2 years ago
6

Describe the sections of the United States before the Civil War and how the economic, geographic, political and social differenc

es led to conflict.
History
1 answer:
evablogger [386]2 years ago
5 0
The Civil War was in result of Slavery. The Confederates and The Union fought in order to abolish, or keep slavery in the United States. 

Economic and Social: People started the Underground Railroad to get slaves to parts of the country/Canada in order to be free. This is both economical and social because they were a community that helped slaves.

Geographic: It was illegal to own slaves in parts of the country, while others it was legal. The Underground Railroad took place all over the country in both Legal and Illegal states.

Political: People wanted to abolish slavery, while others didn't. This led to war, to settle the conflict. Also, if Slaves were caught in free states, they could be sent back to their owners.

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You own a company that produces widgets (an economic term frequently used to represent any product manufactured in a market). Yo
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The increase in the company's products in one unit will increase Marginal Revenue to increase by $100 and Marginal Cost to increase by $120.

<h2><u>Marginal Revenue and Marginal Cost</u></h2><h3>Marginal Revenue</h3>

It is referred to as the change in the revenue value due to the selling of an additional product. In the question given above, the revenue for producing 100 units is $10,000 ($100 x 100 units). So, when 1 additional unit is produced the extra revenue earned is $100 ($10,100 - $10,000). Therefore, the marginal revenue is $100.

<h3>Marginal Cost</h3>

It is referred to as the extra cost for producing an additional unit. In the given scenario, the cost for producing the 100 units is $8,000 (100 units x $80). When producing an additional unit the cost goes up to $8,120. Therefore, the marginal cost for producing an additional unit is $120 ($8,120 - $8,000).

<h3> The Bottom Line</h3>

Companies used the details on marginal revenue and marginal cost to:

  • Determine Ideal production levels
  • Calculate their profitability rate
  • Prepare plans to remain competitive and profitable

Hence, the Marginal Revenue and Marginal Cost for one additional unit are $100 and $120 respectively.

Learn more on Marginal Revenue and Marginal Cost here: brainly.com/question/16615264

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