English 1023---M02 28 October 2012 Gas Prices Today‚ gas price as a national average have risen to 2.1 dollars per gallon. This is the highest gas price increase since 1990‚ during operation desert storm. What is the cause of this drastic increase in gas prices? Limited supply of crude oil from the Middle East some say. Others think the cause is high trade tariffs on incoming foreign oil. But what is the solution to this problem? Is it drilling in our national wildlife reserves in Alaska? Dropping
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Analysts expect gas prices to decrease or remain mostly flat not only in 2014‚ but for years to come. Nonetheless‚ drivers in some states will see higher prices at the pump‚ starting January 1. Gas prices may not have seemed all that cheap in 2013. But in fact‚ prices for the year as a whole were less expensive than they have been. According toAAA’s year-end report‚ American drivers paid $3.49 per gallon of regular‚ on average for 2013. That’s the cheapest per-gallon average since 2010; the national
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Economics April 16‚ 2012 n Price Controls: How efficient are price ceilings and price floors? If you think one is better than the other‚ make sure to bring up examples from our economy to validate your stand. Price ceilings and price floors are essential aspects of our economy. Price ceilings are government enacted laws preventing suppliers from establishing prices of key resources higher than a certain price‚ which is set by the government. Price floors are price minimums that can be charged
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Market Structure o Perfect (pure) competition Price–taking firms each with no influence over the ruling market price (see diagram below) Free entry and exist of businesses in the long run – drives down profits towards a normal profit equilibrium level Each supplier produces homogeneous products – each a perfect substitute – hence the perfectly elastic demand curve for the individual supplier Key factor - interdependent nature of pricing decisions between rival firms Each firm must consider
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To prevent gasoline prices from having devastating effects on the economy it has been proposed that all gasoline prices in the United States be fixed at the average price for the last two years. For simplicity it will be assumed that this price is $2.50 per gallon. When equilibrium prices are under $2.50 per gallon the excess payments will be kept in a government fund. When retail prices exceed $2.50 per gallon money from this fund will be distributed to pay the difference. Do you think that this
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Fluctuating Gas Prices Kyle Bonzelaar Davenport University Gas prices have been on a rapid rise the last few years and not many people are happy with it. It limits those on a budget for how much they can do and how much they are willing to drive. Lately‚ gas prices have been fluctuating in price and going up but are more recently going back down‚ which gives people a little more flexibility at times in their schedule. It lets people do things such as travel and more‚ that they were not able
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Price / Earnings Ratio Q1: (Introductory) What three alternative measures of the price-earnings ratio (P/E ratio) are described in this article? Answer: Following are three price-earnings ratio described in the article: 1. P/E ratio 2. “Forward” P/E ratio 3. “Trailing” P/E ration Q2: (Advanced) Which of the three measures matches the definition of the P/E ratio given in your textbook? Explain your answer. Answer: Books has only discuss the simple P/E ratio‚ PE ratio measures how much investor
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Internet marketing trends impacting the hospitality industry By understanding current Internet marketing trends in hospitality hoteliers can enhance their web presence and utilize the Internet as the most cost effective and up-to-date sales and marketing channel. An estimated 1/3 of all hotel bookings will be done online this year‚ and another 1/3 will be directly influenced by online research and planning‚ but booked offline. By understanding current Internet marketing trends in hospitality
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Contributing Factors Impacting the Incline of Teen Pregnancy The United States has the highest teen pregnancy rate of the Western Industrialized world. An estimated 820‚000 American teenage girls become pregnant each year (Teen Pregnancy Statistics‚ Teenhelp.com). The United States’ teen pregnancy rate doubles Canada’s‚ is four times the rate of Germany and France‚ and is eight times higher Japan’s teen pregnancy rate (Teen Pregnancy Statistics‚ Teenhelp.com). With 34% of our nation’s teens having
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Rising prices Rising Prices is becoming an acute problem these days. One has to live from hand to mouth. It has made difficult for everyone to meet both ends. It has forced people to live a miserable life. Necessities are being sold at a great price. The hardest hit is the common man‚ that is‚ the average consumers and the below average consumers or we can say the middle class people and the poor people. Due to price rise‚ the purchase of essential commodities like pulses‚ rice‚ sugar or medicines
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