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Inflation: The Basics

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Topic: Inflation: The Basics

Minnemooseus

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From: Duluth, Minnesota, U.S. (West end of Lake Superior)

Joined: 11-11-2001

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Message 45 of 47 (588760)
10-28-2010 3:43 AM

Reply to: Message 44 by New Cat's Eye
10-27-2010 3:38 PM

Math error

Assuming the widget costs $1 to make and they sell 100 at $2, then they've made $100.
With the same cost of $1, if they could increase sales to 150 by pricing it at $1.50, then they've made $125.

Unfortunately, 150 at $1.50 is 150 x $0.50 = $75

Now, if they sold 300, then 300 x $0.50 = $150

Moose

This message is a reply to:
	Message 44 by New Cat's Eye, posted 10-27-2010 3:38 PM		New Cat's Eye has replied

Replies to this message:
	Message 46 by New Cat's Eye, posted 10-28-2010 10:02 AM		Minnemooseus has seen this message but not replied

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