What Disadvantage Did the South Face When It Came to Supplying

question 22

Multiple Choice

What disadvantage did the South face when it came to supplying the Confederate armies?

• A) It failed to mobilize enough troops.
• B) It lacked the resources available to the North.
• C) It found it more difficult to build intricate weapons.
• D) The Confederate Ordinance Bureau folded a month after it began.

---

Definitions:

Demand Curve

A diagram demonstrating how the price of an item correlates with the volume that consumers are ready to acquire at assorted prices.

Marginal Revenue Curve

A visual depiction illustrating the changes in marginal revenue as the level of produced output fluctuates.

Marginal Revenue

Marginal revenue is the additional income generated from selling one more unit of a good or service, crucial for determining the optimal level of output for a company.

Price

The amount of money required to purchase a good, service, or asset, typically determined by supply and demand.