<I've taken a lot of econ and I don't recall this 'principle', the words are all used in economics, but I never heard of 'exercising the principle of marginal utility.'>
Well, oh great professor of economics, you should go back to class -- this time, try and stay awake.
<To apply this to computing, computers/software/technology is not a luxury good and therefore has a much steeper demand curve (higher elasticity). In otherwords, changes in price (and one could argue) or changes in quality would not affect overall demand, especially relative to the NBA.>
I'm glad you took a lot of econ. Maybe you took a lot of econ because you kept failing each time. Damn shame you have COMPLETELY REVERSED THE MEANING of "elastic" and "inelastic." Re-read your Samuleson again. When changes in price do not affect demand, it has LOWER elasticity, not HIGHER.
As for the notion that technology is not a luxury good, that has little -- if any -- bearing on the question of DOJ intervention. However, if you feel so strongly that this is not a luxury, why are computers only in the homes of 40+ percent of the population,, while TVs, VCRs, phones, etc. are in the 90+ range?
Remind me again, why are we listening to you?? |
