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Politics : Formerly About Advanced Micro Devices -- Ignore unavailable to you. Want to Upgrade?

To: i-node who wrote (397145)	7/8/2008 5:02:58 PM
From: SilentZ	Read Replies (1) \| Respond to of 1576642

>That was my point. The taxes are passed through to the consumer. As are all costs. But that's not true. If that were the case, price elasticity would be an irrelevant concept. -Z

To: i-node who wrote (397145)	7/8/2008 5:17:15 PM
From: TigerPaw	Read Replies (1) \| Respond to of 1576642

one hell of an efficiently run supermarket chain. My niece runs the books for a supermarket. They aim to out-compete walmart on price, and that means really low prices. They also have more workers in the store than walmart to point customers to tasty things to buy. The profit per sale is low, maybe 1.5%, sometimes less, but that isn't the annual profit. They restock and sell again sometimes several times a day. Often a can is sold before the supplier was even paid. The store easily gets 5% return on capital even after paying all those checkers and stockers. TP