Free Republic
Browse · Search
Bloggers & Personal
Topics · Post Article

To: VRWCmember

The producer ALWAYS bears the final cost of production as David Ricardo observed in his analysis of comparative advantage.
Economic texts are in the Library, that stone building w/books inside. Suggest you aquatint yourself and stop pretending.


60 posted on 05/17/2016 9:29:22 PM PDT by Arrian (n)
[ Post Reply | Private Reply | To 35 | View Replies ]


To: Arrian

A tariff is not a cost of production. it is a cost ADDED at the point of import. the only extent that it is seen/perceived by the producer is in its impact on the quantity demanded. I have a few economic texts in my office at home, so I don’t even need to visit the stone building you mentioned. I also have online access to several economic texts as well. You are correct that producers bear the final cost of production. External costs, however, are borne by consumers.


66 posted on 05/18/2016 8:11:50 AM PDT by VRWCmember
[ Post Reply | Private Reply | To 60 | View Replies ]

Free Republic
Browse · Search
Bloggers & Personal
Topics · Post Article


FreeRepublic, LLC, PO BOX 9771, FRESNO, CA 93794
FreeRepublic.com is powered by software copyright 2000-2008 John Robinson