Some Africans Became Especially Valuable as Slaves in the Carolinas

question 36

Multiple Choice

Some Africans became especially valuable as slaves in the Carolinas because they  

• A) had experience working in dry, desert-like areas.
• B) were experienced in rice cultivation.
• C) were knowledgeable regarding cotton production.
• D) exhibited skill as soldiers.
• E) were skilled fishermen.

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Definitions:

Profit-maximizing Firm

A company that adjusts its production to achieve the highest possible profit based on its costs and the market demand.

Marginal Revenue

The revenue uplift from marketing one more unit of a product or service.

Competitive Firm's Supply Curve

A graphical representation showing the quantity of goods a firm is willing and able to supply at each possible price, under the assumption of perfect competition.

Marginal Cost Curve

A curve depicting the change in the total cost of production when the output is increased by one more unit, essentially showing the cost of producing an additional unit.