If someone doesnt have a mailbox, and the postal service insists on them putting up a mailbox, don't you think the postal service should do the work?...
... the owners of the utility companies are recorded as making huge profits each year. Surely, they could not put up prices just this once, so as to help everyone else.
Do they need to make record profits while the country goes broke?
Isn't this price gougeing? I mean what if some company say Wal Mart was able to be a monopoly and during a storm charged ...
So I have been off of work for the last 6 weeks and will be off until March 23 because of a hip replacement revision and I am currently covered under FMLA and getting short term disability benefits. M...
I bought some items at Target on 12/29 and then saw today that the same items were half off. I'm wondering if I can go back to Target with the receipt for the 12/29 items and receive the ...
That they rip the farmers who grow the coffee beans off. Americans are over here drinking cappuccinos and eating muffins while the people responsible are walking around with no shoes....How could you ...
So today at work, i got a call from a company who identified themselves as American Publishers, and they said they are sending me a $500 Shopping spree in the mail, along with like 6 magazines for 5 ...
The relationship is known as prestige priceing in Economy
It means delibrate setting of high prices to attract snobish customers
gopher977
there is a lot of economic variables as to why plate prices in restaurants are set....
you have to look at the overall picture....
how much does that commodity cost wholesale
how many production hours are put into creating the dish
perhaps it's something that is trendy in society...eg. sushi
it may not cost that much to make however due to the demand
and popularity they will increase the price because they know their customers are willing to pay.
Mathew C
Hotels and Watches are the two industries that has the highest profit margine on sales. It is around 35%. Hotels are pure competition in structure. They maximise their profits when the marginal revenue=marginal costs. So lesser you have overheads for the hotels the faster you will reach your profit maxima. Variable costs you cannot control. So total cost=variable cost + fixed cost and the profit is maximised when the average variable cost is minimum and average fixed cost is above minimum. So you price at average fixed cost+average variable cost in the above manner.
Dark soul
of course there is ... cause it is a main factor in setting prices
for ex, a plate of shrimps would be priced more than chickenz, why ??
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