3 ms·
You also pay for the lollipops. The key is that it's a finite resource with a relatively (3 stage, or whatever) flat rate. The price structure is not dynamic en
by oconnore 11y ago
You also pay for the lollipops. The key is that it's a finite resource with a relatively (3 stage, or whatever) flat rate. The price structure is not dynamic enough to account for the fact that at some point the value of the last drop of water approaches infinity.
- Dylan16807 11y agoThe lollipops are a built-in charge with an assumption of only taking a couple. If you take ten and explicitly pay a dollar, everyone is happy. The water in California has a limited supply, yes, but the use is plenty elastic. If it was all worth a moderate price per gallon, there wouldn't be such an issue. The elasticity and constant inflow mean that a price asymptote is just not going to happen.