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Milk is a complicated commodity that yields negative profits without massive government subsidies.
I apologize for wanting a clear discussion instead of a shouting match where everyone is talking about different things. I yield to your superior percentages of zero.
I see we’re still overlooking the entire notion of percentages of a thing.
Very cool, Anon. Thank you.
Of course. Plenty of dumb people buy BMWs just for the badge too.
People are paying for the name.
Was looking for this.
Was not disappointed.
IIIII AAAAAAAAIIIIINNN’T..
True for larger and more complicated commodities. But not necessarily everything else manufactured. You could stamp out tin cups by a the thousands, but they’re not going to be any more expensive to produce than a BMW. But since we’re dealing with percentages, the fact that something is more labor intensive and materially expensive doesn’t change the situation: that ninety percent of a luxury product’s end market value - that being at the store - is still 90 (or 99) percent the force of its brand and name recognition.
they’re like five bucks to make. it’s more like 99% of the cost.
Having worked in manufacturing, that 10% of the cost is really REALLY expensive.