Home › Forums › Financial Markets/Economics › State Budgets: Day of Reckoning
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December 22, 2010 at 6:01 PM #645090December 22, 2010 at 6:41 PM #644001AnonymousGuest
Last Christmas my cousin was telling me that he was a PAW. As a professor in a small technical college, he didn’t make much, but his net worth was one tenth his age times his annual income. A bona-fide PAW.
This year he took a job in industry that more than doubled his salary. Ran the numbers again and now he’s just a lowly UAW.
I guess he should not have taken the raise.
December 22, 2010 at 6:41 PM #644072AnonymousGuestLast Christmas my cousin was telling me that he was a PAW. As a professor in a small technical college, he didn’t make much, but his net worth was one tenth his age times his annual income. A bona-fide PAW.
This year he took a job in industry that more than doubled his salary. Ran the numbers again and now he’s just a lowly UAW.
I guess he should not have taken the raise.
December 22, 2010 at 6:41 PM #644652AnonymousGuestLast Christmas my cousin was telling me that he was a PAW. As a professor in a small technical college, he didn’t make much, but his net worth was one tenth his age times his annual income. A bona-fide PAW.
This year he took a job in industry that more than doubled his salary. Ran the numbers again and now he’s just a lowly UAW.
I guess he should not have taken the raise.
December 22, 2010 at 6:41 PM #644789AnonymousGuestLast Christmas my cousin was telling me that he was a PAW. As a professor in a small technical college, he didn’t make much, but his net worth was one tenth his age times his annual income. A bona-fide PAW.
This year he took a job in industry that more than doubled his salary. Ran the numbers again and now he’s just a lowly UAW.
I guess he should not have taken the raise.
December 22, 2010 at 6:41 PM #645109AnonymousGuestLast Christmas my cousin was telling me that he was a PAW. As a professor in a small technical college, he didn’t make much, but his net worth was one tenth his age times his annual income. A bona-fide PAW.
This year he took a job in industry that more than doubled his salary. Ran the numbers again and now he’s just a lowly UAW.
I guess he should not have taken the raise.
December 22, 2010 at 7:39 PM #644021HobieParticipant[quote=pri_dk]
Wow! So we can maximize revenue by reducing the rate to zero!?!?
[/quote]Suppose you are looking at the Sunday ads. Your favorite store is offering a 40% off coupon. Are you going to take the discount? You bet.
Now ask yourself: Why is the shop offering the deal? Simple: to gain more traffic. Higher volume=higher profit.
He is not going to give away his product, but at a discount, he will gain volume thus more profit.
It is really a no brainer. Same concept with taxes. C=mon Pri_dk
The problem with libs is that very few actually have to produce something somebody will pay for to earn a paycheck. Once you do, you will see the light;)
December 22, 2010 at 7:39 PM #644092HobieParticipant[quote=pri_dk]
Wow! So we can maximize revenue by reducing the rate to zero!?!?
[/quote]Suppose you are looking at the Sunday ads. Your favorite store is offering a 40% off coupon. Are you going to take the discount? You bet.
Now ask yourself: Why is the shop offering the deal? Simple: to gain more traffic. Higher volume=higher profit.
He is not going to give away his product, but at a discount, he will gain volume thus more profit.
It is really a no brainer. Same concept with taxes. C=mon Pri_dk
The problem with libs is that very few actually have to produce something somebody will pay for to earn a paycheck. Once you do, you will see the light;)
December 22, 2010 at 7:39 PM #644672HobieParticipant[quote=pri_dk]
Wow! So we can maximize revenue by reducing the rate to zero!?!?
[/quote]Suppose you are looking at the Sunday ads. Your favorite store is offering a 40% off coupon. Are you going to take the discount? You bet.
Now ask yourself: Why is the shop offering the deal? Simple: to gain more traffic. Higher volume=higher profit.
He is not going to give away his product, but at a discount, he will gain volume thus more profit.
It is really a no brainer. Same concept with taxes. C=mon Pri_dk
The problem with libs is that very few actually have to produce something somebody will pay for to earn a paycheck. Once you do, you will see the light;)
December 22, 2010 at 7:39 PM #644809HobieParticipant[quote=pri_dk]
Wow! So we can maximize revenue by reducing the rate to zero!?!?
[/quote]Suppose you are looking at the Sunday ads. Your favorite store is offering a 40% off coupon. Are you going to take the discount? You bet.
Now ask yourself: Why is the shop offering the deal? Simple: to gain more traffic. Higher volume=higher profit.
He is not going to give away his product, but at a discount, he will gain volume thus more profit.
It is really a no brainer. Same concept with taxes. C=mon Pri_dk
The problem with libs is that very few actually have to produce something somebody will pay for to earn a paycheck. Once you do, you will see the light;)
December 22, 2010 at 7:39 PM #645129HobieParticipant[quote=pri_dk]
Wow! So we can maximize revenue by reducing the rate to zero!?!?
[/quote]Suppose you are looking at the Sunday ads. Your favorite store is offering a 40% off coupon. Are you going to take the discount? You bet.
Now ask yourself: Why is the shop offering the deal? Simple: to gain more traffic. Higher volume=higher profit.
He is not going to give away his product, but at a discount, he will gain volume thus more profit.
It is really a no brainer. Same concept with taxes. C=mon Pri_dk
The problem with libs is that very few actually have to produce something somebody will pay for to earn a paycheck. Once you do, you will see the light;)
December 22, 2010 at 8:17 PM #644031briansd1GuestEconomists agree that there is a optimal point where revenue is maximized, but there disagree on where that optimal point is.
Porsche is the most profitable car maker not because they charge less, but because they charge more.
Often times charging more a premium product is better than charging less for junk.
December 22, 2010 at 8:17 PM #644102briansd1GuestEconomists agree that there is a optimal point where revenue is maximized, but there disagree on where that optimal point is.
Porsche is the most profitable car maker not because they charge less, but because they charge more.
Often times charging more a premium product is better than charging less for junk.
December 22, 2010 at 8:17 PM #644682briansd1GuestEconomists agree that there is a optimal point where revenue is maximized, but there disagree on where that optimal point is.
Porsche is the most profitable car maker not because they charge less, but because they charge more.
Often times charging more a premium product is better than charging less for junk.
December 22, 2010 at 8:17 PM #644819briansd1GuestEconomists agree that there is a optimal point where revenue is maximized, but there disagree on where that optimal point is.
Porsche is the most profitable car maker not because they charge less, but because they charge more.
Often times charging more a premium product is better than charging less for junk.
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