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Pastimes : Austrian Economics, a lens on everyday reality

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To: Don Lloyd who wrote (200)	5/4/2003 3:06:21 AM
From: Wildstar	Read Replies (1) of 445

Don, However, the diamond ring company could increase its profits by $20,000 by only matching the wage of the other company. Why does it not do so? Isn't it just what the Mises quote you cited earlier was saying? The diamond ring maker sets the upper limit of the range of wage rates, perhaps because he believes his secretary could add more revenues than another person doing the same job? However you did specify that either secretary could do the job equally well, so I'm not sure. How about a hint? Wildstar

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