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satela [25.4K]
3 years ago
12

The Interstate Commerce Act of 1887 required:

History
2 answers:
Natalija [7]3 years ago
8 0

<u>Answer:</u>

The Interstate Commerce Act of 1887 required A. Equality in shipping rates charged by railroads.

<u>Explanation:</u>

The “Interstate Commerce Act” was passed in 1887. It is a federal law that was planned that helped in regulating the railroad industry. The Act made it obligatory that railroad rates should be "reasonable and just,". Though the government did not have the power to fix certain rates.

It also mentioned that railroads should announce the shipping rates and there should be no discrimination for the charges especially for smaller markets and farmers in Western or Southern Territory. The Act also created a federal regulatory agency, which monitored the railroads to make sure that they are complying with all the new rules and regulations.

erica [24]3 years ago
3 0

Answer: yes on these 3

the rates charged to passengers for their tickets

the fees charged to farmers for storing grain

the rates charged to companies for shipping goods

Explanation:

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The Mongol Empire lasted only 100 years.

The Mali Empire lasted a little more than 300 years.
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Ruler of the huns from 434 until his demise in march of 453, attila battled which empire?
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You own a company that produces widgets (an economic term frequently used to represent any product manufactured in a market). Yo
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The increase in the company's products in one unit will increase Marginal Revenue to increase by $100 and Marginal Cost to increase by $120.

<h2><u>Marginal Revenue and Marginal Cost</u></h2><h3>Marginal Revenue</h3>

It is referred to as the change in the revenue value due to the selling of an additional product. In the question given above, the revenue for producing 100 units is $10,000 ($100 x 100 units). So, when 1 additional unit is produced the extra revenue earned is $100 ($10,100 - $10,000). Therefore, the marginal revenue is $100.

<h3>Marginal Cost</h3>

It is referred to as the extra cost for producing an additional unit. In the given scenario, the cost for producing the 100 units is $8,000 (100 units x $80). When producing an additional unit the cost goes up to $8,120. Therefore, the marginal cost for producing an additional unit is $120 ($8,120 - $8,000).

<h3> The Bottom Line</h3>

Companies used the details on marginal revenue and marginal cost to:

  • Determine Ideal production levels
  • Calculate their profitability rate
  • Prepare plans to remain competitive and profitable

Hence, the Marginal Revenue and Marginal Cost for one additional unit are $100 and $120 respectively.

Learn more on Marginal Revenue and Marginal Cost here: brainly.com/question/16615264

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In 1929 everyone was putting their savings into stocks, not only the wealth part but the poor part too and because of that the stock market reached the peak in August 1929. But than the production declined causing unemployment and with that the stock prices were much higher than their actual value. The economy was struggling, the debt was rising and the banks had and excess of large loans that couldn’t be liquidated.

In the 1930s over 9,000 banks failed because people didn’t trusted them to put their saving. The Great Depression the official unemployment rate was 25% and the stock marked declined 75% since 1929. But in 1933 now with Rooselvet’s administration he took immediate action about the economic woes first announcing that all banks would close, Bank Holiday. The Congress would pass reform legislation and reopen the banks. In “<em>first 100 days</em>” Roosevelt’s administration stabilized the industrial and agricultural production and created jobs and also created the Federal Deposit Insurance Corporation (FDIC) to protect depositors’ accounts and the Securities and Exchange Commission (SEC) to regulate the stock market and prevent what happened in 1929.

The big change between the crises in the 20s and 30s were all about who was in charge, President Hebert Hoover didn’t take much lead about the crises but Roosevelt did.

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