Examlex
If a firm's total costs are $75 when it produces 10 units of output and $80 when it produces 11 units of output, then the marginal cost of producing the 11th unit is
Union Restoration
The process of reuniting and integrating Confederate states back into the United States after the Civil War; also known as Reconstruction.
Southern Rebellion
Commonly referred to the American Civil War's Confederate states' secession and military defiance against the Union, representing a major internal conflict based on states' rights and the issue of slavery.
Naval Blockade
A naval blockade is the deployment of naval vessels to prevent ships from entering or leaving ports belonging to or occupied by the enemy, used as a form of economic warfare.
Civil War
The Civil War was a conflict fought in the United States from 1861 to 1865, primarily over issues of slavery and states' rights, resulting in the preservation of the Union and the abolition of slavery.
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