New level of ridiculousness

the problem with "ridiculous", "overpriced" and other connotations, is that one person's example of extravagence or a poor value is another person's example of a fair price or an acceptable price.

i think each of us has different priorities, which influence our estimation as to what constitutes "value".

there are many "conspicuous consumption" purchases that one can question, such as jewelry cars and wine.

the business model that assumes ex[ensieve components are inelastic may be true. or an entrepreneeur's model is to sell a few high priced item.

are you getting your money's worth ??? let the consumer decide. caveat emptor !

its not that i find value in the product, but rather, i have presented a rationale for finding value in any product regardless of its cost.

it's based upon the adage "the value in use equals the value in exchange". it is an explanation of the way commerce takes place. another way of saying this is the price of a product is based upon what the "market" for the product will pay for it.

for example, if a manufacturer prices an amplifier at $25,000, maybe no consumer will consider it worth the asking price, hence none will be sold. if instead, the amp was priced at $15,000, perhaps it would sell.

i am talking about an equlibrium between the value an individual places on a product vs the cost of the product.

whoever sees value in a $9000 (approx) power strip will buy it. those who don't , won't.

so i don't think the issue is ridiculousness, but rather economics, or performance vs price. there is nothing intrinsically ridiculous about the price of a product, only wheteher it is priced to high to sell in quantity or it is believed to be fairly priced, in which case more will be sold.

think economics, not ridiculousness.

the "rules", or concepts embodied in the discipline of economics can explain the behavior of audiophiles.

its all about the marketing approach of the manufacturer.

regardless of what the consumer thinks, the business owner is trying to maximize his profit. if he thinks a high price will do it, he will charge a high price. if he prefers the volume approach, he will try to sell as many products as he can and set an appropriate price.

there is nothing ridiculous about a high price.