1132
Late stage capitalism coming in hot! (lemmy.world)
submitted 2 years ago by to c/memes@lemmy.world
109 comments fedilink hide all child comments
 
you are viewing a single comment's thread
view the rest of the comments
[–] 2 points 2 years ago (7 children)

They want to pay less than three times the cost of a chicken egg, even though geese only lay during the spring and only lay every other day.

That's not how markets work though...

  • permalink
  • fedilink
  • source
  • parent
  • hideshow 7 child comments
    •
  • [–] 4 points 2 years ago (6 children)

    If they wanted to go buy a commercial goose egg that's how it works. Geese eggs are rare. They take a lot of investment in time to produce. If you can't recoup the costs then you can't sell as selling requires time and time is money if you believe that labor should be compensated.

  • permalink
  • fedilink
  • source
  • parent
  • hideshow 6 child comments
    •
  • [–] 1 point 2 years ago (4 children)

    No, that's not how it works. You've provided a chart that shows average prices for a specific point in time. That's it. They are constantly fluctuating, and the price is based on supply and demand.

    You don't get to charge 3x for an egg just because it's 3x the size. I mean, you can try, but people will not buy it unless that's the equilibrium price. There is no rule stating that price must increase by the same amount as the size of the thing. That's silly.

    A thing is worth what people are willing to pay for it. Goose eggs simply aren't as popular as chicken eggs, therefore the demand is lower. Assuming supply remains stable, that means price goes down.

  • permalink
  • fedilink
  • source
  • parent
  • hideshow 4 child comments
    •
  • [–] 1 point 2 years ago (3 children)

    How many years have you worked in the egg business?

  • permalink
  • fedilink
  • source
  • parent
  • hideshow 3 child comments
    •
  • [–] 1 point 2 years ago* (last edited 2 years ago) (2 children)

    Buddy, this is econ 100. This applies to nearly every business.

    https://en.wikipedia.org/wiki/Supply_and_demand

    If you look at the chart there, the equilibrium price is where the supply line and the demand line cross. Assuming supply remains the same, if demand decreases, the equilibrium price will decrease.

    If supply increases, and demand decreases, price goes way down.

    Wiki probably explains it better.

  • permalink
  • fedilink
  • source
  • parent
  • hideshow 2 child comments
    •
  • [–] 4 points 2 years ago (1 child)

    Yeah, I took econ too. I'm just asking if you have any egg-bird specific experience. If you know about the details of dealing with each kind of bird and the complications that come with the different types. Anyone can econsplain. But do you have industry specific knowledge? Are you successful in this industry? Do you have actionable information that leads to success? Or if are you just repeating highschool level generalities.

    There is this idea out there that people shouldn't take unsolicited advice, especially from people that don't have any experience in what you are trying to do. So I'm asking the questions to see if you are offering anything of value or are just repeating things without providing that value.

  • permalink
  • fedilink
  • source
  • parent
  • hideshow 1 child comment
    •