This is why prices increase, as demonstrated by Mark Cuban and other CEO's

[3ba11]

https://m.youtube.com/shorts/_kr57XYjvnE

The media says that price is determined by the "free market", aka supply/demand curve, but economists say the long-run equilibrium of this curve is affected by "outside shocks", such as corporate greed and pursuit of earnings per share and stock price maximization.

Finance 101 says that the objective of the corporation is to maximize shareholder wealth, which means hitting quarterly earnings projections - those projection tend to only increase, and a primary way of meeting these projections becomes increasing price, as Cuban and the other "sharks" say in the video.. So every time another family moves into their car, a CEO moves into another yacht - there's a strong correlation there.

[SouBeachTalents]

1-9

[AKA_AAP]

You can easily tell a person's income by what they say and what they copy/paste and link. There's a 0.00% chance 3ba11 makes more than $250,000 a year. He rarely posts in this forum, but if I had to guess, he makes at most $80k a year. But I wouldn't be surprise if he doesn't even make $60k a year. He has that low income mindset. :lol

[j3lademaster]

Prices aren’t set based on supply and demand, revenues are maximized based on markups. This is literally like the first week of AP high school economics.

[Media Moderator]

Kamala got smoked. Get over it already

[3ba11]

Prices aren’t set based on supply and demand, revenues are maximized based on markups. This is literally like the first week of AP high school economics.


No one takes any real economics in HS

And 'markup" isn't what you learn in economics

[3ba11]

Kamala got smoked. Get over it already


I didn't support Kamala

And I'm speaking to why she lost - she didn't talk about this stuff and was an enormous fraud

Corporate greed is real and it's the source of most problems in the US

[RRR3]

I didn't support Kamala

And I'm speaking to why she lost - she didn't talk about this stuff and was an enormous fraud

Corporate greed is real and it's the source of most problems in the US
You’re wasting your time with these idiots they love corporations.

[j3lademaster]

No one takes any real economics in HS

And 'markup" isn't what you learn in economics

Yes it is. It's literally a part of the basic supply and demand graph. you draw the markup at its highest point where it meets the demand curve where you can make the biggest 'rectangle'(which represents revenue) on the graph as possible. If you aren't able to make a bigger rectangle than the equilibrium point then that means there's no markup. You can do this inversely with tax as well.

And yeah, you have to take AP econ as an elective here, american education system is a travesty especially considering our higher education is absolutely elite.

[Neal Romer]

Prices aren’t set based on supply and demand, revenues are maximized based on markups. This is literally like the first week of AP high school economics.

:biggums:

Wow. This is... mind numbing. You must have skipped that first week of economics 101.

Whatever markup people are willing to pay is the 'demand' side.

Dont you think Hamilton Beach would love to price toasters at $30,000 and still sell as many? Obviously. But the demand isnt THAT strong. So the price is considerably lower. Whatever number allows them to maximize revenue. It's under communism where the central government can decide what toasters cost. They can legislate toasters out of most peoples budget, and reserve them only for the rich if they feel like it. That's the system rrr3 supports. In a free market, the consumers decide.

That said the profit mandate of publicly owned businesses DOES have its own potentially dangerous social/environmental/political consequences that have to be weighed by consumers and sometimes legislators. But the conversations usually dont penetrate very far into the public since many people dont even understand what supply and demand, therefore what value can they contribute to the discussion? You guys are proclaiming "this is economics 101" and saying something completely wrong. Posters in this thread are being AGGRESSIVELY ignorant and still somehow wagging their finger. That's why a lot of these issues never get addressed. To many people just dont have a clue and wont accept one.

[Neal Romer]

Prices aren’t set based on supply and demand, revenues are maximized based on markups. This is literally like the first week of AP high school economics.



Markup is literally a part of the basic supply and demand graph.


Like... what do you do with a person like this?

[j3lademaster]

:biggums:

Wow. This is... mind numbing. You must have skipped that first week of economics 101.

Whatever markup people are willing to pay is the 'demand' side.

Dont you think Hamilton Beach would love to price toasters at $30,000 and still sell as many? Obviously. But the demand isnt THAT strong. So the price is considerably lower. Whatever number allows them to maximize revenue. It's under communism where the central government can decide what toasters cost. They can legislate toasters out of most peoples budget, and reserve them only for the rich if they feel like it. That's the system rrr3 supports. In a free market, the consumers decide.

That said the profit mandate of publicly owned businesses DOES have its own potentially dangerous social/environmental/political consequences that have to be weighed by consumers and sometimes legislators. But the conversations usually dont penetrate very far into the public since many people dont even understand what supply and demand, therefore what value can they contribute to the discussion? You guys are proclaiming "this is economics 101" and saying something completely wrong. Posters in this thread are being AGGRESSIVELY ignorant and still somehow wagging their finger. That's why a lot of these issues never get addressed. To many people just dont have a clue and wont accept one.

:facepalm

Markup is drawn as a horizontal line on the price point. where that point meets the demand curve and can make the biggest revenue is where price point will be set.

https://2012books.lardbucket.org/books/theory-and-applications-of-microeconomics/section_10/9dd705a5ccda66a1515470611de0186d.jpg

Let's pretend the price is increments of $1 here and quantity is 100, then this markup shown in this graph will net revenue of $4 x 300 = $1200

Let's say market equilibrium is at $2... that will get me $1000 in revenue, so there would indeed be a markup even if it means selling 700 less units.

In none of my posts have I ignored demand, the markup is raising the price point so it inherently has to coincide with demand. You are the one who's aggressively ignorant. You just listen to a ton of podcasts, maybe you have a job where you drive a lot and memorize a lot of podcast talking points on your drives... guessing superintendent that goes site to site a lot? Maybe a truck driver? And you think armed with this knowledge while being the most articulate person amongst your peers has somehow given you this false confidence in your intelligence.

[AKA_AAP]

I didn't read more than 2 sentences of what LowIncomeMaster posted in this thread. He's talking about high school economic classes and pulling a LowIQoffthecourt with graphs, but he has NEVER own and ran a business. NEVER. And will never.

[Axe]

What about kyle rittenhouse, op?

[Jasper]

You can easily tell a person's income by what they say and what they copy/paste and link. There's a 0.00% chance 3ba11 makes more than $250,000 a year. He rarely posts in this forum, but if I had to guess, he makes at most $80k a year. But I wouldn't be surprise if he doesn't even make $60k a year. He has that low income mindset. :lol

I can tell your a fvck'n high roller , stupid pricks like your self act brilliant.

[Charlie Sheen]

I didn't support Kamala

And I'm speaking to why she lost - she didn't talk about this stuff and was an enormous fraud

Corporate greed is real and it's the source of most problems in the US
If the DNC was going to run on this platform Kamala was not the right candidate. They would need someone seen as new or an outsider that had no connection to burying Bernie's run.

[j3lademaster]

If the DNC was going to run on this platform Kamala was not the right candidate. They would need someone seen as new or an outsider that had no connection to burying Bernie's run.

Someone like Jamie Dimon, but without the 'pet rock' memes tied to them.

[Axe]

I can tell your a fvck'n high roller , stupid pricks like your self act brilliant.
Lol you should've called him a dumpfvck. :yaohappy: