Lootifer wrote:BigBallinStalin wrote:Lootifer wrote:KoolBak wrote:I assume I'll be notified if I am jumping in too much.....
Paid for a gym membership for myself about 25 years ago for 6 months....hated it. Bought a weight bench and have it in the shop....now I can drink beer while lifting
We've paid for a damned membership for my loving bride for 5 years now (luckily a cheap one) and she goes about twice a year....the lazy b....uh.....anyhow.....dang it's cold out today!
Haha; nice. Well on behalf of us [retarded folk] who are addicted to endorphins, I thank you and others for keeping gym membership prices down thru ur inactivity.
Whut whut? An increased demand may lead to an increase in price, but if prices are allowed to remain free and flexible, then this increase in price signals profitable opportunities for the producers of gyms. This in turn induces an expansion of current facilities or the creation of new facilities--along with the variation and selection of innovative ways of marketing, of providing a better experience to customers, of finding and satisfying more specific target markets, new types of exercise equipment, exercises, provision of new services (yoga at the gym), etc.
As new facilities are expanded, and as new markets are discovered, and etc. then the price will simply be more in tune with the customer preferences of more specific markets. Depending on what you want, you may pay a higher or lower price than before--thanks to the free market of gyms.
Have you been forgetting to breathe while lifting weights? OHHH!!!!
I was looking at the cost side of the equation you numpty!
The demand for gym membership is what it is, it may raise or fall depending on the market, but thats not my point.
Everyone pays the same membership, which gives you access to gym facilities; this membership alone does not cost the gym anything other than the price of the little tag that you swipe on your way in.
Only through using that membership to actually exercise and use the gym equipment does the gym itself recieve a marginal cost as a result of that persons membership. If you dont use your membership, that membership costs the gym nothing.
Increasing marginal costs will impact the supply curve and put upwards pressure on price (a new equilibrium).
- A gym where its users spend roughly 10 hours per person per week in the gym will have x total costs per week (including capital expenditure spread over the lifetimes of those various capital expenditures such as expansions etc)
- A gym where its users spend roughly 5 hours per person per week in the gym will have y total costs per week (again lets include capital expenditure)
Obviously x will be higher than y. Thus the less time the average person spends at the gym per week effects the equilibrium price through the supply curve.
I rule this post out-of-bounds as it is a statement, not a question. Please correct your post by changing the final period to a question mark. Your immediate compliance is appreciated?
