In Reply to: Few people want to test their ears to be sure extra money buys audible performance improvements posted by Richard BassNut Greene on February 17, 2006 at 14:53:33:
You may dispute at what price point diminishing returns kicks in or at what "slope" the return diminishes.However, the fact that diminishing returns exist is certainly not an opinion - it one of only 3 defined LAWS of economics. A diminishing return calculation is not something where tons of data needs to be collected - it's a pretty straight forward and well accepted approach. You learn in it Intro to Economics 101.
You can certianly disagree with the slope of his curve, however you can't say the curve does not exist. That would be incorrect.
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Follow Ups
- Diminishing Returns is not an "opinion" - groove 02/19/0610:04:55 02/19/06 (3)
- Opportunity cost is the economic concept that applies here - Richard BassNut Greene 08:06:58 02/20/06 (2)
- Re: Close - but not quite - groove 12:11:47 02/20/06 (1)
- I'm glad I didn't take your economics class -- I'd still be in college! - Richard BassNut Greene 16:47:00 02/20/06 (0)