Compared to other liquids, gasoline is cheap In 2008, when gasoline hit $4 a gallon, motorists complained,
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Compared to other liquids, gasoline is cheap In 2008, when gasoline hit $4 a gallon, motorists complained, but they didn’t complain about $1.59 for a 20 oz Gatorade and $18 for 16 ml of HP ink. The prices per gallon are $10.17 for Gatorade and $4,294.58 for printer ink. How can the paradox of value be used to explain why the fluids listed in the news clip might be less valuable than gasoline, yet far more expensive?
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Gasoline presumably is more valuable than Gatorade or HP Ink Cartridges because ...View the full answer
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