Map Exercise 16-1 You Will Need One Colored Pen to Complete This Exercise

question 61

Essay

Map Exercise 16-1
You will need one colored pen to complete this exercise. On the outline map of the South that follows and using the map in Chapter 16 of the text entitled "The Reconstruction" as a guide:

-Refer to Map Exercise 16-1. In each of the former Confederate states,
a. Indicate the date of readmission to the Union.
b. Indicate the date of re-establishment of conservative rule.
Underline this date to distinguish it from the date of readmission and indicate what the two dates mean in the map's legend.

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Definitions:

Average Costs

The total costs (fixed and variable) of production divided by the total quantity of output, indicating the cost of producing each unit.

Fixed Costs

Costs that do not vary with the level of output or sales, such as rent, salaries, and loan payments.

Break Even

The point at which total costs and total revenue are equal, resulting in no net loss or gain.

Fixed Costs

Expenses that do not change with the volume of production or sales, such as rent or salaries.