The two points do not contradict.
When comparing the purchase of a 2 apples for $1 vs. 1 orange for $2, one can justly make the claim that the value is always subjective when considering the amount of surplus that we currently live in. If you like Oranges more than Apples, buy the freaking oranges and enjoy a damn orange.
You haven't actually shown how the two points dont contradict here though , Like I said you have in fact backed up my point that despite the higher cost vs no measurable benefit people should buy the oranges because they "enjoy" the oranges . Without getting technical about the nutritional properties of both there is no added benefit to you in buying an orange however here you are saying people should buy it ?
Its much like there is no additional benefit in purchasing the new mbp if you have the current mbp however many people desire to have the latest thing etc this kind of unmeasurable enjoyment also factors into purchasing decisions and just because a monetary value cannot be given for it does not mean that it does not factor heavilly into many peoples purchasing decisions
Worth is subjective, but not in a monetarily sound system.
The only thing subjective about the worth of a purchase is the Marginal Utility score at each increase to quantity. How much do I benefit, or how much use do I personally get when purchasing another? another? another?
Worth is very much so objective. I can walk into our accounting department at any time and give them a serial number on any given electronic device and they can tell me exactly how much it's worth. Any smile that the device puts on my face between the time I purchase and the time I sell/write off is an added benefit.
clearly if tech companies like apple are still posting sales figures and making a profit marginal utility has yet to decrease because perhaps of this unmeasurable satisfaction that people get when purchasing a laptop
Just because the accounting department can give you the $$$ price of an item does not mean that this is the only value that the consumer sees when they look at the item . Take for example old family heirlooms I could get a pawnbroker to value a ring that we have in our family at about £1000 however to the family it is worth significantly more than that in sentimental terms .
Again like If i Where to loose my macbook pro tomorrow Whilst I would be compensated for my monetary loss by my insurance company and my laptop would be replaced I would have lost a lot of time in setting up the device as well as the personal value of some of the photographs and documents stored on the device .
The latter half of the paragraph proves the first sentence false. If I am less likely to return a $2 item because the value and cost of the single item doesn't by itself represent a large amount of my revenue stream, the $2 item creates a bigger problem in my overall balance between debits and credits to my holdings. I will therefore make more purchases of the $2 item, but remain cautious with the purchase of $100 item. Eventually, purchasing the correct $100 item may have solved the need to any $2 item in the first place, therefore wasting opportunity cost and destroying my ROI.
I offered up a reason why the consumer in many cases does not return / take considerable notice of purchasing $2 items . In the extreme scenario you have given purchasing 100 $2 items followed by a $100 item to do the same job does seem silly and a waste of money etc however one thing it appears you have failed to account for here is the likelihood of finding a satisfactory $2 item before purchasing more than 50 of the $2 item . Additionally I know of no real situation where the choice is between $2 items and $100 Items that do exactly the same job .
However lets take this as the example . I as would many consumers would start to research the item we wanted to buy if after buying a certain amount of $2 items if not for anything else because of the added inconvenience of having to repeatedly buy items to carry out a particular task
Television and News articles may make it look like America is full of the idiots buying car after car, but we are broke as all hell.
Someone is still buying them though ?
If a society is willing to purchase anything and everything based solely on a video clip, then they are probably ready to be enslaved too. A society that does not hold itself to a higher standard has no right in being a 'modern' society. Things should be known and basic understanding should be expected.
I dont quite agree with this . You will always have some people with excessive brand loyalty (Fanboys) however I dont see many blackberry fanboys rushing out to buy this
Porsche Design P'9981 - Touch Screen Smartphone from BlackBerry UK . I dont particularly think everyone needs to know technical details of a macbook if all they want to do with it is browse the web its just not necessary .If they are willing to pay that price and it satisfies you then to me there is nothing else to it .
Another reason these 'nice to haves ' are so important is that if thousands of these consumers didn't rush out any buy the new macbook or the latest dell computers etc etc then companies like this as well as other companies in the supply change would not be able to nor have any need to carry out research and development . For example if only the market who had the capability to full use the i7 bought it then Intel wouldn't be able to afford R&D for the next line of process so if you are a true tech enthusiast you should in fact appreciate the fact that people who cant utilize its full power are still buying machines with i7's in
PS
Read that again. Thanks
Read it once more. Thanks
cut the arrogant crap like this , its not necessary you can make your points without it and as a member of the site team you of all people should know better than that . If you are in fact incapable of making your points without resorting to that kind of attitude then dont bother making them because in my view it just makes you look and sound like you have run out of arguments . I believe arrogance from seasoned members like that is part of the reason that we have such trouble attracting members who are willing to stick around here