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Sergeeva-Olga [200]
3 years ago
13

Discuss the conditions and developments that affected the cattle industry during the last half of the nineteenth century.

Business
1 answer:
Darya [45]3 years ago
7 0

Answer:

Cattle ranchers were not very common during the early nineteenth century, most of them were actually Mexicans who ended up being thrown out of Texas after it became independent. They left their cattle behind and Texans claimed them for themselves. During the first part of the century beef wasn't very popular so the cattle was raised for its skin and tallow.

But then the civil war started and after the south lost, cattle had multiplied to over 5 million in Texas alone. There was really no market for beef in the southern states, but there was a huge market in the northern-eastern states.

Cattle trade began from Texas to Chicago and it generated a lot of money specially for the middlemen (Joseph McCoy was the most important one). The cattle was sent to Chicago using the railroads and the industry peaked by 1867. The factors that helped the beef industry were that more railroads were built, more land was available (native Americans were ejected from their lands) and refrigeration techniques improved.

But during the last years of the century the cattle industry collapsed (since middle 1880s) due to lower demand, a severe drought and more farmers settling in areas that previously had been used by cattle only. Since the cattle business became less profitable, farmers started to turn to agriculture instead of ranching.

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Suppose that everyone who has looked for a job for more than six months gave up in despair and stopped looking. What would happe
Alexxandr [17]

Answer:

It would fall

Explanation:

The unemployment rate measures the amount of people who are out of a job for at least 4 weeks, and are actively seeking to find a new job. If a person is not willing or able to search for a job, he/she is not considered unemployed nor part of the labor force.

If unemployed people just quit looking for jobs, the unemployment will decrease even though the number of people who are out a job increases. This happens because as soon as someone quits looking for new job, they are not considered unemployed anymore.

6 0
3 years ago
YoYo Fashion December 31, 2013 balance sheet showed total common equity of $5,500,000 and 250,000 shares outstanding. During 201
abruzzese [7]

Answer:

$23.6 per share

Explanation:

Given that,

Total common equity = $5,500,000

Shares outstanding = 250,000

Net income = $525,000

Dividends paid out = $125,000

Total value at the end:

= Total common equity + Net income - Dividends paid out

= $5,500,000 + $525,000 - $125,000

= $5,900,000

Therefore,

Book value per share at 2014 year end:

= Total value at the end ÷ No. of shares outstanding

= $5,900,000 ÷ 250,000

= $23.6 per share

7 0
3 years ago
Suppose that the price of basketball tickets at your college is determined by market forces. Currently, the demand and supply sc
belka [17]

Answer:

a) see attached graph. There is nothing unusual with the supply curve, it is simply fixed. This happens to most services, e.g. there is a fixed number of hotel rooms available for rent, in the short run you cannot add more rooms per night if the demand increases. In order to increase the quantity supplied, you would need to build a larger hotel, or in this case, a larger stadium.

b) the equilibrium price is $8 and the equilibrium quantity is 8,000 tickets

c) if the college plans to increase enrollment, the demand might increase, leading to a higher equilibrium price, but the supply will remain the same until the stadium is expanded.

Explanation:

Price              Quantity Demanded (Qd)          Quantity Supplied (Qs)

$4                            10,000                                        8,000

$8                             8,000                                        8,000

$12                            6,000                                        8,000

$16                            4,000                                        8,000

$20                           2,000                                        8,000

3 0
3 years ago
How does social distancing and stay-at home measures change our buying behavior(s)?
ipn [44]

Answer:

we have to socal distance and then we get annoyed and upset when someone gets in our space

4 0
3 years ago
Juanita makes $42 an hour at work. She has to take time off work to purchase her skirt, so each hour away from work costs her $4
Kisachek [45]

Answer:

It will purchase at the local store at an economic cost of $123

Explanation:

Answer:

It will puchase the skirt across town as it has the less economic cost.

Explanation:

We are going to add up the opportunity cost (lost wages) to the cost of the skirt:

place          travel-time Price Cost to travel Economic Cost

local store       30  $ 102.00   $ 21.00   <u> $ 123.00 </u>

across town       60  $ 85.00   $ 42.00   $  127.00

neighboring city 120  $ 76.00   $ 84.00   $ 160.00

*travel-time we multiple the time it took each eway by 2

**The  cost to travle will be Juanitas wages per hour ($42) times the travel-time/ 60

That's because the wages are express in hours and the travel time in minutes so we convert into hours

Then, the economic cost is the sum of the value of the skirt and the lost wages.

<em>Juanita, as a rational consumer will chose to purchase at the lower cost.</em>

6 0
3 years ago
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