Proponents of Creating a "New South" Argued That the Confederacy

question 43

Multiple Choice

Proponents of creating a "New South" argued that the Confederacy lost the Civil War because

• A) slavery was unsustainable.
• B) its military leadership was inept.
• C) the Union embraced more desirable cultural values.
• D) the southern elite were soft and undisciplined.
• E) it relied too much upon King Cotton.

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Definitions:

Total Cost

The complete amount of costs incurred by a business in the production of goods or services, including both fixed and variable costs.

Marginal Cost

The financial outlay required to produce an additional unit of a product or service.

Total Fixed Cost

The sum of all costs that do not change with the level of output or activity.

Total Variable Cost

Total Variable Cost is the sum of all costs that vary directly with the level of production, such as materials and labor costs.