Economics... is the most discussed and the most misunderstood of the sciences.

[Drunken Cat]

Ok I defended us being on this forum on a Friday night.

No way to defend discussing economic issues on a Friday night.

Economics is my one true love, LOL.

[Run]

You just gotta like.. do like.. make money and ****, you know?

Economics and ****.. that aint nothin. It's like global warming, the ozone layer and depression.. some made up bull**** and ****. Niggas need to just stack that paper, get on that grind.

Hustlenomics and ****.

Economics like a turkey leg.

f people won it, dey git it. If dey don't give it to them damn dawgs.



| |

[Drunken Cat]

You just gotta like.. do like.. make money and ****, you know?

Economics and ****.. that aint nothin. It's like global warming, the ozone layer and depression.. some made up bull**** and ****. Niggas need to just stack that paper, get on that grind.

Hustlenomics and ****.

I commend your analysis, sir.

[Run]

Economics is my one true love, LOL.

Well I'd say you have the most sensible true love of all.

Anyone who says this earth isn't made of money.......has it.



| |

[K-Nan]

Organik:

I buy a zip of some mids for about 350. Now lets say that the **** is selling at about 35/70 cuz of a drought. What is my aggregate income if I gotta pay a lookout to watch as well?

[Drunken Cat]

Well I'd say you have the most sensible true love of all.

Anyone who says this earth isn't made of money.......has it.

Thanks man, I try to follow the logical path.

I'm broke as **** now, but who isn't. I'm just waiting for my chance to grow really.

[Miburo]

Similar story, just had a knack for it. Wasn't my sole primary subject though.

[Drunken Cat]

Organik:

I buy a zip of some mids for about 350. Now lets say that the **** is selling at about 35/70 cuz of a drought. What is my aggregate income if I gotta pay a lookout to watch as well?

I'll admitt that you lost me here, however I'd say that you're profits are a product of your margins in this case. In essence, givin the risk factor of the operation and the necessity for a look out, I'd say you will pay him his market worth and you will probablly come away with a zero economic profit at the end of the day.

That means that you are paying bills, but you are not earning excessive profit. An economic profit is akin to a normal profit.

[K-Nan]

I'll admitt that you lost me here, however I'd say that you're profits are a product of your margins in this case. In essence, givin the risk factor of the operation and the necessity for a look out, I'd say you will pay him his market worth and you will probablly come away with a zero economic profit at the end of the day.

That means that you are paying bills, but you are not earning excessive profit. An economic profit is akin to a normal profit.

Nice analysis.. I threw in the lookout as a sort of economical loop.. more academic than anything. You wouldn't really need to do that.

Btw- when I said 35/70 I meant that a half eight would go for 35$ while an eighth would go for 70.

[DoubleGRuiz]

Economics is not real science. It is at most a soft science. Most economist don't even know how to deal with real world economic problems. Those problems are left to mathematicians and statisticians. Economics is a joke.