(Yes, I know, the Austrians on the list would kill me for assuming cost
dictates price, rather than the other way around. But it's just awkward
to state it the right way. :) )
This Austrian has no difficulty with that way of putting it _in the
context of this discussion_. What we are talking
On Tuesday, May 28, 2002 12:25 AM John Perich [EMAIL PROTECTED]
wrote:
(Yes, I know, the Austrians on the list would kill me for assuming
cost
dictates price, rather than the other way around. But it's just
awkward to
state it the right way. :) )
Wouldn't it be more accurate to say that an
From: Technotranscendence [EMAIL PROTECTED]
On Tuesday, May 28, 2002 12:25 AM John Perich [EMAIL PROTECTED]
wrote:
But it's just
awkward to
state it the right way. :) )
QED:
Wouldn't it be more accurate to say that an entrepreneur must find a
price above cost in order to make it worth her
Robert Book wrote:
I think we are leaving something out here. Many people, or at least
many Americans, seem highly offended at the notion of having to pay to
use a toilet. ... such people have a strong disutility
associated with paying for the toilet, to the point that they are
willing to pay a
--- John Perich [EMAIL PROTECTED] wrote:
why do some public restrooms in restaurants / bookstores require
either coins OR free tokens to use?
There are 2 sets of users: customers and free-riding non-customers.
It seems the intent is for customers to get tokens and non-customers to pay,
so
Plausible, but then the question is: *why* do people have a disutility
of paying for toilets? Does this fit into any pattern of the sorts
of things people have a disutility of paying for?
As noted earlier, people did pay for toilets before and it is common in
Europe. So it seems we are
John Perich wrote:
Why do you assume the cost of bathroom maintenance
isn't already included in the price charged?
I hadn't thought about it. I guess I had assumed,
perhaps incorrectly, that bathroom maintenance costs
would be idependent of the prices charged for goods at
the establishment.
William Sjostrom
Not at all obvious. Two goods, A and B, with marginal cost CA and CB,
Within what may be a narrow range, the approximate marginal cost of two
goods may actually be knowable by an experienced person of good
judgment.
and independent marginal value VA and VB
Neither we nor the
