What Was an Irony About the Cotton Gin

question 23

Multiple Choice

What was an irony about the cotton gin?

• A) Slaves did not really need it.
• B) Most slaves did not know how to work it.
• C) Cotton demand actually decreased.
• D) The device did not need gin to work properly.
• E) The inventor of the machine was from the North.

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Definitions:

Fixed Costs

Costs that remain constant regardless of the amount of goods produced or sold, including expenses like rent, salaries, and insurance.

Variable Inventory Costs

Variable inventory costs fluctuate with changes in production volume, including costs like raw materials and direct labor.

Special Order

A special order refers to a one-time or unusual request from a customer to purchase goods or services that differ from a company's regular offerings, often requiring unique pricing and production scheduling.

Sales Price

The amount for which a product or service is sold to the customer.