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Price Versus Cost

Doug5049 Wrote: Apr 17, 2013 8:14 AM
I have bought gas for 25 cents a gallon.
evie10 Wrote: Apr 17, 2013 3:35 PM
yes, and I had a car, and American Motors Rambler that got 30mpg.
Kali_Fred Wrote: Apr 17, 2013 10:59 AM
I remember $0.25 / gallon gas into the 70's (before Carter showed up).
KPar Wrote: Apr 17, 2013 9:52 AM
I still remember how angry I was when I put more than $5 worth into my Corvair!
Doug5049 Wrote: Apr 17, 2013 9:29 AM
Same here. Notice I didn't say "recently". ;)
rita182 Wrote: Apr 17, 2013 9:01 AM
Suppose you buy a gallon of gas for $3. How much did it cost you? You say, "Williams, that's a silly question. It cost $3." That's where you're mistaken, because there's a difference between price and cost. To prove that price and cost are not the same, consider the following. Suppose you live and work in New York City and routinely pay $15 for a haircut. Imagine you were told that there's a barber in Boise, Idaho, who can give you the identical haircut for just $5. Would you start going to the Boise barber? I'm betting you'd answer no because...
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