diamond Marchant Posted June 23, 2022 Share Posted June 23, 2022 (edited) In the town of Weirdsville, the residents LOVE potato, which they buy at the Potato Patch using credits. Very normal. Except that every time you ask for potato, they say how much you can buy and the price per pound. Potatoes please. You get a pound at 3.81 per pound May I have more? Why not? Another half pound at 9.38 But I need more. Fine. Another half pound at 7.03 Still not enough, Ok. Another pound at 7.03 I have a big family Right. Another 2 pounds at 5.27 And guests. Guests?. Another 4 pounds at 3.81 A lot of guests. Party is it? Another 8 pounds at 4.69 And few will be staying over. Interesting. Another 16 pounds at 3.30 Some might be moving in. Very interesting. Another 16 pounds at 2.78 With their families. Sure you know what you are doing? Another 16 pounds at 1.83 (my lowest rate) Actually, I need all the potatoes Yes, it seems you do. From now on, you always get 16 pounds at 3.22 One day a visitor arrived in Weirdsville. He visited the potato patch but bought nothing. On his way out he was heard remarking "In my town our potato patch is surrounded by billboards. But the potatoes are free". ------- From diamond's doctoral dissertation in Economcs, "Fooling Some of the People All of the Time: Marginal Cost of Potatoes Under Monopoly" Edited June 23, 2022 by diamond Marchant 2 3 Link to comment Share on other sites More sharing options...
diamond Marchant Posted June 24, 2022 Author Share Posted June 24, 2022 Too abstract? This is literally how tier pricing works. A "pound" corresponds to 1K of tier (1024sqm) and the price is "cents per sqm per year". As you can see, your second purchase is really expensive. Link to comment Share on other sites More sharing options...
Jessicatz Fairymeadow Posted June 24, 2022 Share Posted June 24, 2022 A more apt metaphor would be: "In my town potatoes are free, all it takes is security cameras and microphones in my home 24/7 that sell their footage to the highest bidder." 1 Link to comment Share on other sites More sharing options...
diamond Marchant Posted June 24, 2022 Author Share Posted June 24, 2022 (edited) Update: changing last line to.... One day a visitor arrived in Weirdsville. He visited the potato patch but bought nothing. On his way out he was heard remarking "In my town our patch is called Safeway and there, a potato is a potato. They all cost the same and we buy only what we need”. Edited June 25, 2022 by diamond Marchant Link to comment Share on other sites More sharing options...
Da5id Weatherwax Posted June 24, 2022 Share Posted June 24, 2022 In our town, the patch is a mouse, not a potato 1 Link to comment Share on other sites More sharing options...
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