Posts Tagged ‘variable costs’

  • Greenhouse Gases from Ruminant Animals

    Why Are Steak Prices Rising?

    Mar 2, 14 • 100 Views • Businesses, Demand, Supply, and Markets, Economic History, Households, International Trade and Finance, Labor, LifestyleNo Comments

    In 1918, a filet mignon at Delmonico’s Restaurant would have cost $1.65. That same item on their 2014 menu is $48.00. However, according to the BLS inflation calculator, if the price had remained the same, it would now be $25.56. Including variable...

  • airlines industry...airplanes.16825_3.15a_000002547262XSmall

    Your Airfare and Airline Profits

    Jul 1, 12 • 165 Views • Labor, Regulation, Thinking Economically, UncategorizedNo Comments

    What does your airline ticket pay for? In order of size, these represent the expenses for a US Airways flight according to WSJ journalist Scott McCartney: Fuel (close to 30%) Salaries (maybe 20%) Buying and leasing planes (16%) Federal taxes (14%) Total...