Article analysis: Pump Prices and Oil Prices: A Tale of Two Different Directions By Ernest Guillen University of Phoenix ECO/365 Ver.4 Principles of Microeconomics Instructor: Dr. Christina Espinoza-Alguera Abstract: The following article is regarding what is most important to everyone around us regarding the pricing for gasoline at the pumps. This is a topic that concerns most people on this planet‚ why are the prices for gasoline so high and is it regarding the greed of
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Oil ECO/365 - Principles of Microeconomics Oil In today’s economy many trends in consumption patterns can determine where the supply and demands are needed. In the article “East Bay Oil Exports Have Become Huge Business‚” by Glantz (2012)‚ it touches on the subject of trends and consumption of oil. Many people are aware; however forget that there is a whole lot of oil around us that can be used. This paper will discuss and address the utilities derived‚ the change that demand for the product
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Running head: ARTICLE ANALYSIS PAPER Article Analysis Paper Name Eco 365‚ University of Phoenix Introduction During the early developmental years of life children are prone to varies eating habits that have adverse consequences when they are consuming too many of the wrong food groups. These youngsters find themselves eating more‚ exercising less‚ constantly tired‚ bored‚ and overweight. Many families are frequent fast food diners instead of enjoying a nutritious home
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Consumption Pattern of Ammunition The consumption pattern of ammunition in the United States has been on an upward trend beginning in 2008. By analyzing these articles it is apparent that there is a demand that supply cannot keep up with. The American people feel entitled to own ammunition and firearms for protection and personal reasons. Demand for ammunition has risen at a rate hard to match by the supply due to many contributing factors. It is also apparent that it is Utility The utility
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Article Analysis: The Economics of Coffee ECO/365 May 15‚ 2013 Article Analysis: The Economics of Coffee People around the world consume numerous goods every day. There are several things that determine what quantities and how frequently they are consumed and those influences can either work in tandem or act individually to influence a person. It is these foundations that set an average for what consumers will purchase and the volume of goods to be created by agriculturalists and
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Article Analysis Paper Article Analysis Paper According to the National Coffee Drinking Trends market research study‚ 83% of the U.S. adult population now drinks coffee (National Coffee Association USA‚ 2013). Coffee is now a $30 billion-a-year national industry (“Coffee Grinds Fuel for the Nation‚” 2013). This paper will address the analysis for the basis for the trends in consumption patterns of coffee. What is the utility derived from coffee? The utility derived from the product coffee
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Week One Discussion Question ECO 365 August 29‚2013 Week One Discussion Question What is economics? What role does economic play in your personal and organizational decisions? Provide an example of the role of economics in decision making? According to the background history of economics‚ economics is the study of how individuals and groups make decisions with limited resources as to fulfilling and satisfying ones needs‚ desire‚ and wants. Economics is also another term related to money
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Week One Article Analysis ECO/365 January 16‚ 2012 Week One Article Analysis David Colander defines economics as "the study of how human beings coordinate their wants and desires‚ given the decision-making mechanisms‚ social customs‚ and political realities of the society” (Colander‚ 2010‚ p. 4). Coordination in this definition refers to production content‚ method‚ recipients‚ and even quantity. To think like an economist one must analyze every situation by comparing the costs and benefits
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FOR WEEK 2 ECO 365 What is the relationship between productivity and the cost of production? The relationship between productivity and the cost of production is your cost per day or per hour compared to your productivity. By examine these two things together. The productivity which is your output for the amount of hours worked compared to the total cost of a certain item – you will be able to reach a “break even analysis” showing you how much you need to a make minus the total coast to make
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Syllabus School of Business ECO/365 Version 4 Principles of Microeconomics Copyright © 2011‚ 2008‚ 2007‚ 2006 by University of Phoenix. All rights reserved. Course Description This course provides students with the basic theories‚ concepts‚ terminology‚ and uses of microeconomics. Students learn practical applications for microeconomics in their personal and professional lives through assimilation of fundamental concepts and analysis of actual economic events. Policies Faculty and
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