Re:Lowest “Who is hiring?” Post Count in 30 Months
by rvbissell on Tuesday October 04, 2022 @02:09PM
(#33084365)
That's not how it works.
Revenue is the area of the rectangle "price times volume". (Profit is "revenue minus costs".) Businesses want to maximize the area of that rectangle.
If a business thinks they can keep the area of that rectangle the same by increasing the price dimension, that will cause buyers to react by shrinking the volume dimension. That might yield the same effective area for the rectangle, but then also might not.
Revenue is the area of the rectangle "price times volume". (Profit is "revenue minus costs".) Businesses want to maximize the area of that rectangle.
If a business thinks they can keep the area of that rectangle the same by increasing the price dimension, that will cause buyers to react by shrinking the volume dimension. That might yield the same effective area for the rectangle, but then also might not.