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Oh wow, u mad bro? Supply/demand curves are literally 4th grade curriculum where I come from. So yeah, mastered that shit 20+ years ago. Thanks for assuming th

Oh wow, u mad bro? Supply/demand curves are literally 4th grade curriculum where I come from. So yeah, mastered that shit 20+ years ago. Thanks for assuming though. You've gone off the rails and are now confusing 'cost' with 'worth' or 'value'. We can only determine a 'value' or 'worth' when an actual transaction occurs. You can't just extrapolate out on a model curve and expect it to hold in the real world, no matter what your theory tells you. Bottom line is, if a grocer is currently asking 40 cents for an apple, I will transact at that price no matter how much higher I 'value' that apple. I wouldn't pay 60 cents for an apple that a grocer is selling for 40 cents. I wouldn't pay 50 cents for it either. BTW, ECMAScript is poised to take over the world. Better strap in.

michas 12y ago
Economic 101 course for you. In your original comment you said: > By definition, profit is extracting more than the 'worth' of something. You are terribly wrong, because, by definition, there is no such thing as objective worth of something you buy. There is only subjective worth and it is different for different people. And that is the sole things that enables us to trade goods at all. Example: what is worth more: 5$ or a pack of ciggaretes? non-smoking shop owner probably will choose 5$, average smoker will choose pack of ciggaretes. And they DO choose that every day - every time you buy something you prove that the thing you bought is more valuable to you than the money you spent. Otherwise you wouldn't buy it. So, if two people make transaction volunteerly the price paid is always fair, and both people end up thinking that they traded something less valuable for something more valuable. That's called "mutually beneficial" :)