Lincoln Responded to the Fall of Fort Sumter in All

question 18

Multiple Choice

Lincoln responded to the fall of Fort Sumter in all of the following ways EXCEPT:

• A) calling for loyal states to provide volunteers
• B) ordering a naval blockade of southern ports
• C) ordering federal ships close the Mississippi River to navigation
• D) making one last offer to the South to avoid war in exchange for protecting slavery in perpetuity
• E) ordering naval squadrons to cordon off southern ports along the Atlantic coast and Gulf of Mexico

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Definitions:

MC

The additional cost incurred for producing one more unit of a good or service; it's synonymous with marginal cost.

Marginal Cost

is defined as the increase in total production cost that arises from producing an additional unit of a good or service.

TVC

Total Variable Costs, which are the sum of expenses that vary directly with the level of production or business activity.

TFC

Total Fixed Costs, which are the sum of all costs that remain constant regardless of the level of production or output.