Good_Burning_Plastic comments on Stupid Questions June 2015 - Less Wrong

5 Post author: Gondolinian 31 May 2015 02:14AM

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Comment author: Good_Burning_Plastic 31 May 2015 10:59:46AM * 0 points [-]

which often costs lesser by an order of magnitude.

At equilibrium, the price equals the marginal cost; sure, it is more than the average cost, but I can't see why the latter is relevant.

And the effort required to earn the money to buy the ring is also wasted.

Comment author: estimator 31 May 2015 11:44:29AM 4 points [-]

And the effort required to earn the money to buy the ring is also wasted.

No, it's not. You have produced (hopefully) valuable goods or services; why they are wasted, from the viewpoint of society?