| This question <321-1|335-9> overall <335-7|335-9> Chuck: <58|335-11>. |
| Question 53: The value of a commodity does not increase if it is made by a slow or inept laborer. Explain carefully why not. Whose decision is it to do things this way? How is it enforced? |
| [335-8] Chuck: Chuck did not resubmit his exam. He said that a coat has the same value no matter who produces it, and then he says it is decided by the sellers how much to charge for the coat. But the fact that the same coat has the same price is really enforced by the buyers, who will not buy a more expensive coat if the same coat is also offered at a cheaper price. I would say it is nobody's decision, it comes from the structure of a market economy. |
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