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To: SoothingDave

Avoid the cost-push fallacy!

The price is determined by what the customer will pay, not the cost of production!


163 posted on 01/08/2015 2:40:28 PM PST by Arthur McGowan
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To: Arthur McGowan
The price is determined by what the customer will pay, not the cost of production!

Staying in business is determined by revenue exceeding expenditures ...

165 posted on 01/08/2015 2:49:18 PM PST by NorthMountain (No longer TEA Party ... I'm the TAF Party)
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To: Arthur McGowan

I was being droll. There is a market for butterfat (like ice cream producers) that doesn’t exist for beef fat.


168 posted on 01/08/2015 2:50:01 PM PST by SoothingDave
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