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   Many that live deserve death. And some die that deserve life. Can you give that to them?
Then be not too eager to deal ou death in the name of justice, fearing for your own safety.
Even the wise cannot see all ends.
*** This post was edited by Shaharaim 5/8/2002 12:23:52 AM ***
I hope the ATM's have extra capacity.
Drinking water is much better for you anyway, especially on a hot day.
I don't mind the food prices, especially if they are going the the higher quality stuff. Of course I would rather not spend as much, but I accept the fact that parks do this. When we go to Busch Gardens Williamsburg, the food there is very good, and reasonably priced. I dont mind paying for good stuff.
I would have been pissed if I were eating a cruddy hot dog for twice the price.
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Jeff
Webmaster/GTTP, Sillynonsense.com
"As far as I can tell it doesn't matter who you are. If you can believe, there's something worth fighting for..." - Garbage, "Parade"
Man this is a violation of consumer protection laws. I think they should be fined for charging people $3 for a 20 oz bottle of Pepsi.
Chapter and verse, please...
--Dave Althoff, Jr.
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Jeff
Webmaster/GTTP, Sillynonsense.com
"As far as I can tell it doesn't matter who you are. If you can believe, there's something worth fighting for..." - Garbage, "Parade"
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I'd rather die living than live like I'm dead
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...I will be more than happy to give you a cigarette...
Whoa... time out there... when have they ever sacrificed capacity to staff a food stand? I have in many cases seen a number of food establishments closed and fewer carts on the midways with all rides open, regardless of crowds. This was indeed the case Sunday, where the only capacity shortcoming was Millennium Force missing a train (and you can't attribute that to a shift in manpower... few people are qualified to rebuild a coaster train).
This ain't SFWoA, you know.
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Jeff
Webmaster/GTTP, Sillynonsense.com
"As far as I can tell it doesn't matter who you are. If you can believe, there's something worth fighting for..." - Garbage, "Parade"
Here's my theory. Last year, as we all know, CP started the season with a $2.50 soda price. Later in the year, they dropped it down to $2.00. Now, did they do this because no body was buying, or because they knew more people than normal would buy at the $2.00 level because it was more of a "bargain"? This year, they've started at $3. During the year, will they drop down to last years opening price of $2.50, which, then in the minds of the GP, would be a bargain again, compared to the $3 price.
I think its working the same as the gas price roller coaster. Go from $1/gallon up to near $2/gal, then drop off the price to $1.50/gal. Hey, even now at $1.30/gal, we think we're getting a good deal. But in reality we're still getting screwed. Its all about our perception on what things cost...when we see something that's $9.99, in our subconscious mind, we don't see $10. Its all an illusion that we're saving money.
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Michael McCormack CP '02: 1
Magnum XL 200: 2
Millennium Force: 1
Wicked Twister: 2
Supply and demand doesn't work that way. Demand is high at a low price, Supply is high at a high price. Plot those two lines on a graph, you will get an X. The intersection of the two lines is the sweet spot where you maximize profit. That's where the price of soda will be if CP is smart, which I bet they are.
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It's very hard to drink all day...
Unless you start first thing in the morning.
--Dave Althoff, Jr.
I love how everyone here is a "Junior Economist" :) and can preach on the little nuances of MircoEconomics. What no one has yet said is what is the "shape" of the demand curve? If it's relatively steep, then you are right, this price increase will have dire consequences. If it is relatively flat, however, the decrease in the number of bottles sold *may* be small enough that an overall profit increase is realized.
The other thing you have to take in to account is what are the alternatives. Now you all advocate getting "free water". Well, to the best of my knowledge, this is not available in the queue. If you had the foresight to know that you would be thirsty, you'd have likely gotten a soda at a food stand before entering the line (I assume the food stand sodas are a better value because you all arent bytching and moaning about them). But once you are in the queue you have three options: 1) Leave the line and get a drink elsewhere (usually undesirable as you lose your place in line. 2) Delay satitating your thrist until after you've ridden (desireablity varies depending on wait time) or 3) Purchase the drink at the offered price.
If CP believes that the number of people who choose option 3 will not change much whether they charge 3bucks or two and a half, why *wouldnt* they charge the higher price? Of course, if they've overestimated the static nature of the soda demand curve, then they will start to lose money and will adjust accordingly. This is a calculated risk. With all of you being so confident in the Cedar Fair managerial staff as a whole, I'm suprised that you would believe that your expose's of economic theroy would be something they had not already considered.
I say leave the economy to the economists!
To BirdofPrey: Are most of CPs guests in a given season repeat guests that visit in different parts of the season? I was under the impression that because of the "resort" nature of the park, most of the guests there visit once a season, perhaps spending multiple days. If the *bulk* of their guests are like this, most would be unaware of a price change from one part of the season to another. And it is becoming my belief, primarily, that season passholders, who are *very* frequent visitors (10+ times per season) spend little on such accoutrements compared to other guests.
lata,
jeremy
--who words to CP are "You dont tell me anything about granting patents and I wont tell you anything about running a park" (..not until you hire me anyway :)..)
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Jeff
Webmaster/GTTP, Sillynonsense.com
"As far as I can tell it doesn't matter who you are. If you can believe, there's something worth fighting for..." - Garbage, "Parade"
What no one has yet said is what is the "shape" of the demand curve? If it's relatively steep, then you are right, this price increase will have dire consequences. If it is relatively flat, however, the decrease in the number of bottles sold *may* be small enough that an overall profit increase is realized.
I would have to think that the curve is relatively steep and the demand for pop is quite elastic. Increasing the prices a mear $0.50 last summer caused enough of a descrease in sales that the prices were quickly lowered again.
But once you are in the queue you have three options: 1) Leave the line and get a drink elsewhere (usually undesirable as you lose your place in line. 2) Delay satitating your thrist until after you've ridden (desireablity varies depending on wait time) or 3) Purchase the drink at the offered price.
Exactly...It's all about the opportunity costs my friends.
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James Draeger
-not an economist yet, but working toward a degree in it.
*** This post was edited by ACEerCG 5/8/2002 3:37:40 PM ***
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I was super before Superstew was cool
*** This post was edited by Superstew 5/8/2002 5:57:30 PM **
*** This post was edited by Superstew 5/8/2002 5:59:37 PM ***
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its the ride, not the records
CoasterFan14@hotmail.com
Now, about the pop...three words: Chet and Matt's.
Mmm I know exactly what you mean. After opening day my group of friends went there for reasonable priced food that is awsome.
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Troika/Chaos Triangle Crew 2002
http://www.msu.edu/~kemppai8/ --- My stupid website
*** This post was edited by Sapman 5/8/2002 7:07:11 PM ***
They need to go back to fountain soda in the lines, that way they make more money and they can keep the prices down.
Plus, they charge less for the fountain soda, and I like it better because it has ice in it. On a hot day, you're paying $3.00 for something that'll be warm by the time you finish it.
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It's very hard to drink all day...
Unless you start first thing in the morning.
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