winnie wants to use covid as an excuse for trump but hold biden's feet to the fire for covid. Classic.
Rs really really want to pretend 2020 never happened economically.
HA! thats all lip service. The People have spoken on the economy and Trump kills Biden. thats all that matters. in the real world, people are affected by high food and transportation prices. interest rates through the roof. car companies tanking. homes unaffordable. nobody is cheering for another part time job opportunity. there’s nothing good about Biden economy. Economists and those who try to write on paper otherwise are just embarrassing themselves. It’s a complete disaster right now. insurance rates up. restaurants getting killed. it’s an endless horrific situation.
If the price of a bike is $300 and I buy it, what is the cost to me?
The cost of the bike to you is the the price of the bike $300, plus whatever ancillary costs you incur in order to gain possession of the bike. The cost of producing the bike is a completely different number completely unaffected by the purchase price.
The prior example of him purchasing the bike for $1000, does not change the cost of the bike. The cost is set at $1000 plus ancillary costs. The cost of production is also set, the bike is made the money is sunk.
The cost will fluctuate depending on the acquirer. Say the price of a bike is $1000. If I steal it, but I buy a $1500 plane ticked to get to it, my cost is $1500 minimum. If I purchase it for $1000 and have no travel expenses my costs may only be $1000.
Cost isn't a simple function of supply and demand.
Price is more closely tied to supply and demand than cost.
But again, He's probably right and I'm probably wrong. Since I'm going to lose this one.
If the price of a bike is $300 and I buy it, what is the cost to me?
The cost of the bike to you is the the price of the bike $300, plus whatever ancillary costs you incur in order to gain possession of the bike. The cost of producing the bike is a completely different number completely unaffected by the purchase price.
The prior example of him purchasing the bike for $1000, does not change the cost of the bike. The cost is set at $1000 plus ancillary costs. The cost of production is also set, the bike is made the money is sunk.
The cost will fluctuate depending on the acquirer. Say the price of a bike is $1000. If I steal it, but I buy a $1500 plane ticked to get to it, my cost is $1500 minimum. If I purchase it for $1000 and have no travel expenses my costs may only be $1000.
Cost isn't a simple function of supply and demand.
Price is more closely tied to supply and demand than cost.
But again, He's probably right and I'm probably wrong. Since I'm going to lose this one.
The law of supply and demand applies to currency just as much as it applies to bicycles.
You are correct that the cost the producer pays is different than the price the consumer pays but that cost is still measured in currency.
When you increase the supply of currency without the corresponding demand the value of that currency decreases and the prices people pay go up.
Are you aware that different countries use different currencies and the value of those currencies fluctuate independent of one another?
The cost of the bike to you is the the price of the bike $300, plus whatever ancillary costs you incur in order to gain possession of the bike. The cost of producing the bike is a completely different number completely unaffected by the purchase price.
The prior example of him purchasing the bike for $1000, does not change the cost of the bike. The cost is set at $1000 plus ancillary costs. The cost of production is also set, the bike is made the money is sunk.
The cost will fluctuate depending on the acquirer. Say the price of a bike is $1000. If I steal it, but I buy a $1500 plane ticked to get to it, my cost is $1500 minimum. If I purchase it for $1000 and have no travel expenses my costs may only be $1000.
Cost isn't a simple function of supply and demand.
Price is more closely tied to supply and demand than cost.
But again, He's probably right and I'm probably wrong. Since I'm going to lose this one.
The law of supply and demand applies to currency just as much as it applies to bicycles.
You are correct that the cost the producer pays is different than the price the consumer pays but that cost is still measured in currency.
When you increase the supply of currency without the corresponding demand the value of that currency decreases and the prices people pay go up.
Are you aware that different countries use different currencies and the value of those currencies fluctuate independent of one another?
Price is a function of supply and demand, I never said it wasn't
Cost is entirely different. Cost is the reason we outsource work to 3rd world countries.
If the price of a bike is $300 and I buy it, what is the cost to me?
The cost of the bike to you is the the price of the bike $300, plus whatever ancillary costs you incur in order to gain possession of the bike. The cost of producing the bike is a completely different number completely unaffected by the purchase price.
The prior example of him purchasing the bike for $1000, does not change the cost of the bike. The cost is set at $1000 plus ancillary costs. The cost of production is also set, the bike is made the money is sunk.
The cost will fluctuate depending on the acquirer. Say the price of a bike is $1000. If I steal it, but I buy a $1500 plane ticked to get to it, my cost is $1500 minimum. If I purchase it for $1000 and have no travel expenses my costs may only be $1000.
Cost isn't a simple function of supply and demand.
Price is more closely tied to supply and demand than cost.
But again, He's probably right and I'm probably wrong. Since I'm going to lose this one.
The cost of the bike to you is the the price of the bike $300, plus whatever ancillary costs you incur in order to gain possession of the bike. The cost of producing the bike is a completely different number completely unaffected by the purchase price.
The prior example of him purchasing the bike for $1000, does not change the cost of the bike. The cost is set at $1000 plus ancillary costs. The cost of production is also set, the bike is made the money is sunk.
The cost will fluctuate depending on the acquirer. Say the price of a bike is $1000. If I steal it, but I buy a $1500 plane ticked to get to it, my cost is $1500 minimum. If I purchase it for $1000 and have no travel expenses my costs may only be $1000.
Cost isn't a simple function of supply and demand.
Price is more closely tied to supply and demand than cost.
But again, He's probably right and I'm probably wrong. Since I'm going to lose this one.
The law of supply and demand applies to currency just as much as it applies to bicycles.
You are correct that the cost the producer pays is different than the price the consumer pays but that cost is still measured in currency.
When you increase the supply of currency without the corresponding demand the value of that currency decreases and the prices people pay go up.
Are you aware that different countries use different currencies and the value of those currencies fluctuate independent of one another?
The global purchasing power of a currency isn't a simple function of supply and demand. Nor do prices fluctuate lock step with currency price fluctuations.
Does $1 buy less now in America than it did 3 years ago, yes. Is the dollar stronger against other currencies than it was 3 years ago, yes. Though the dollar buys less domestically it doesn't necessarily buy less globally.
The cost of the bike to you is the the price of the bike $300, plus whatever ancillary costs you incur in order to gain possession of the bike. The cost of producing the bike is a completely different number completely unaffected by the purchase price.
The prior example of him purchasing the bike for $1000, does not change the cost of the bike. The cost is set at $1000 plus ancillary costs. The cost of production is also set, the bike is made the money is sunk.
The cost will fluctuate depending on the acquirer. Say the price of a bike is $1000. If I steal it, but I buy a $1500 plane ticked to get to it, my cost is $1500 minimum. If I purchase it for $1000 and have no travel expenses my costs may only be $1000.
Cost isn't a simple function of supply and demand.
Price is more closely tied to supply and demand than cost.
But again, He's probably right and I'm probably wrong. Since I'm going to lose this one.