Comments on: Mark Skousen Biography http://www.mskousen.com Mark Skousen's Website for the Best of Money and Economics Sun, 18 Jul 2010 19:47:11 +0000 http://wordpress.org/?v=2.9.1 hourly 1 By: Mike Buxbaum http://www.mskousen.com/about/mark-skousen-biography/comment-page-1/#comment-153 Mike Buxbaum Tue, 13 Apr 2010 16:49:53 +0000 http://www.mskousen.info/?page_id=42#comment-153 I just started your book -- the iPod audio version from Audible.com. I hope you get royalties from that! Question for you -- any difference between the following two factories? Factory #1 employs 100 people and makes 100 million candy bars a year. It sells these candy bars wholesale for fifty cents apiece. The total overhead (ingredients, employee compensation, SG&A, everything) is $25 million, leaving the factory owner with $25 million profit. Factory #2 also employs 100 people. It makes one boat a year. It sells the boat for $50 million. Its total overhead is also $25 million, leaving the factory owner with a $25 million profit. Looking forward to your answer. Cheers! I just started your book — the iPod audio version from Audible.com. I hope you get royalties from that!

Question for you — any difference between the following two factories?

Factory #1 employs 100 people and makes 100 million candy bars a year. It sells these candy bars wholesale for fifty cents apiece. The total overhead (ingredients, employee compensation, SG&A, everything) is $25 million, leaving the factory owner with $25 million profit.

Factory #2 also employs 100 people. It makes one boat a year. It sells the boat for $50 million. Its total overhead is also $25 million, leaving the factory owner with a $25 million profit.

Looking forward to your answer. Cheers!

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