Quote from: FirstAscent on September 14, 2011, 03:50:17 AM

Quote from: bitcoin2cash on September 14, 2011, 03:36:23 AM

Do the math. If a million people want to buy something at ten dollars profit per unit but only one person wants to buy the same thing at one million dollars profit per unit, you make more profit but setting your price at ten dollars.

You're just unbelievable. What part of scarce leads you to believe that the supplier has one million units? He doesn't.

You have the nerve to suggest that I have yet to make a point because what I'm saying does not fit with how you want economics to apply to scarce natural resources. I don't even think you know what a scarce natural resource is. Nor do you understand the dynamics of culture and varying wealth. Look at what you've just stated above.

Read the wikipedia article that you so smugly cited. First sentence, in the Supply Schedule section:

Quote

The supply schedule, depicted graphically as the supply curve, represents the amount of some good that producers are willing and able to sell at various prices, assuming ceteris paribus, that is, assuming all determinants of supply other than the price of the good in question, such as technology and the prices of factors of production, remain the same.

You're obviously woefully ignorant of real world dynamics, and unable to distinguish between a theory meant to apply to goods available in a market, and finite resources yet to be harvested.

BLAH BLAH BLAH INSULT INSULT BLAH BLAH

That's all I read. Get back to me when you can control your temper.