At 22:42 2-2-01 -0500, John Giorgis wrote:
> > The yield has gone up, but the
> >profit margin remains the same... if not smaller. I'm not an expert on
> >crop farming, but I'm betting it's the same deal there.
>
>Wasn't somebody just arguing to me (Jeroen? you?) that when costs go down,
>the only thing that increases is profits? i.e. prices never go down with
>costs?
No, I was arguing that significant lower costs usually don't lead to
significant lower prices. As I pointed out in a later post, you interpreted
the word "only" in an other way than I meant (I used it in the meaning of
"just" or "merely", and said it could even have been omitted; I didn't use
it in the meaning "100% of all cases").
Jeroen
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