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  1. #1
    Player
    magitekLuna's Avatar
    Join Date
    Jun 2022
    Posts
    376
    Character
    Samsara Lunalight
    World
    Moogle
    Main Class
    Dragoon Lv 90
    Quote Originally Posted by CaedemSanguis View Post
    everything is overpriced for someone, depending on which price he wants it to buy

    But as I said, each guy that find a price not "fair" just dont have any knowledge about economics
    overpriced is not how you fell about it. its how much its cost to make vs how much they sell it for. and ones more why its more that the patch content?
    (3)

  2. #2
    Player
    Silverbane's Avatar
    Join Date
    Feb 2015
    Posts
    1,125
    Character
    Z'nnah Silverbane
    World
    Halicarnassus
    Main Class
    Sage Lv 100
    Quote Originally Posted by magitekLuna View Post
    overpriced is not how you fell about it. its how much its cost to make vs how much they sell it for.
    Nope. Let me explain:

    Let's say I hire you to dig a ditch by hand. It takes you four hours.
    I provide the shovel, lunch, drinks, snacks, sunscreen.
    How much should I pay you?
    Well, how much did it cost you to dig the ditch? Just your time.
    But what is your time worth?
    If it was time you would have otherwise spent playing FFXIV, not much, right?
    So should you dig the ditch for nothing, the amount you would have made playing FFXIV?

    Maybe I should pay you agricultural minimum wage, $7.25 an hour. $29 for four hours work.
    Anything more than that, you would be overpriced, right?
    Because I could at least in theory have hired someone else to do it for $29.

    Now, on the other hand, let's say you hire a layer to obtain a patent from the US Patent and Trademark Office.
    That will be $500 per hour, please, four hour minimum, plus the fees the Patent Office charges.
    The only cost the lawyer has is their time; why is it worth $2000 while yours is worth $29?

    Another example:
    Ted makes a widget and it costs him $50 do so.
    Bob makes the same widget but it costs him $100 to do so.
    Both wholesale the product to Wailmart, where you go to buy it.
    What price should you pay for the widget?

    Another:
    Two homes, one in a blighted area of Chicago, another in Golden Oaks in Walt Disney World.
    Both cost the same to build, including the cost of the land.
    Which will sell for more?
    (The only homes currently available in Golden Oaks is $9.5 million, BTW, $1000/sq.ft.)

    And finally:
    You own a Picasso, and put it up for auction at Christy's.
    It cost Picasso less than $100 in materials to make.
    Plus you could make a practically perfect replica, using a scanner, a computer, a 3D printer, and an industrial inkjet printer, for a few hundred thousand dollars, including the cost of buying the equipment.
    What's the most anyone should pay for your Picasso?

    So, here's the point:
    Things sell based on value to the buyer, not on cost to the seller.
    When the value is greater than the cost, the seller profits.
    When it isn't, the seller goes out of business.
    (6)