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To: justshutupandtakeit

"Your income from profits is MAXIMIZED by charging the correct price which has NOTHING to do with an income tax."

Incorrect. The optimum price is achieved at the intersection of the supply and demand curves. The supply curve is, in turn, affected by production costs. Income taxes, contrary to your unsupported assertion, are a cost of doing business.

Several other SQLs have argued for years that prices exist in one corner of the economic universe and production costs exist in another and that never the twain shall meet. That belief demonstrates a fundamental lack of understanding of basic economics.


917 posted on 05/22/2005 11:18:42 AM PDT by phil_will1
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To: phil_will1; justshutupandtakeit
Incorrect. The optimum price is achieved at the intersection of the supply and demand curves.
No, that's the equilibrium price. A business's point of profit maximization occurs when their marginal cost of production is equal to the price they get for their products.
926 posted on 05/22/2005 12:01:19 PM PDT by Your Nightmare
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To: phil_will1

See last post.


977 posted on 05/22/2005 8:31:54 PM PDT by justshutupandtakeit (Public Enemy #1, the RATmedia.)
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