Scorch will never dominate mankind. His motivations lack an economic bent so he'll not win over the materialistic masses. Unless he gives out free plasma TVs.
To be honest the OPs hypothetical doesn't lend itself well to economic interpretation. Your bread analogy is a bit rough but I agree that his business strategy isn't plausible (which is why the hypothetical doesn't lend itself to economic intuition). So let's stop with the economic insight...
The female labour force is a seriously different subset of the labour force than the male labour force and there are going to be fundamental inequalities (this is not an excuse for wage disparity). When they say equality they mean equality of opportunity, as in your gender is not grounds for...
Don't forget the non-monetary benefits like access to Teachers Credit Union, Teachers Health Fund, both of which are top quality products, employment security, great superannuation schemes... Teachers don't have it too bad after all.
lol you're assuming the market conditions didn't dictate that $2000 was an appropriate price. Because he couldn't satisfy ONE CUSTOMER (Heinz) suddenly he's stupid and isn't acting rationally?
This is all assuming that he is the sole provider of the drug which isn't really an assumption...
Yes. And it's probably more feasible than breaking into a high security lab, or something.
But it isn't the hypothetical moral dilemma we're discussing so WHY DID YOU BRING IT UP YOU PENK.
you dont understand utility at all go away
Technically the monopolist druggist wouldn't be happy (satisfied) because his utility isn't maximised... I think it'd be more appropriate to say the druggist's dissatisfaction would be mitigated.
Edit: so it's a matter of reaching a socially acceptable compromise between the satisfaction of...
That was my point.
That and the fact that the free market and profit maximising may NOT be the solution to this situation (more like are not).
edit: I thought my point was obvious, woops
The premise of your argument is contingent on the supply conditions of radium. If the supply was constrained then no, he isn't an idiot. It would not be rational for the druggist to sell the drug to Heinz if Heinz could not pay the price which optimised the druggist's profit subject to supply...