Scooby-Doo Arbitrage

A student writes that she understood arbitrage at age seven.  She brought Scooby-Doo Fruity Snacks from her grandmother’s house (no charge to my student) to her Vacation Bible School class.  She was a monopolist in the class—nobody else brought snacks; and since the demand was quite inelastic, she was able to sell her Fruity Snacks for a good price.  Regrettably, her business was shut down because, as the teacher said, she was engaging in “uncharitable exploitation of [her] peers.”  She was also invited not to return to Bible School, showing that clever economic behavior may only  pay monetarily. (HT: CAP)

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  1. Seminymous Coward says:

    Sounds like a double win to me.

    Well-loved. Like or Dislike: Thumb up 56 Thumb down 8
  2. Nanno says:

    Since when is not having to return to Fairytale School not a payoff?

    Well-loved. Like or Dislike: Thumb up 32 Thumb down 13
  3. Kahomono says:

    She made money and got out of VBS. Win-win!

    Well-loved. Like or Dislike: Thumb up 29 Thumb down 7
  4. E says:

    Be still, my heart.

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  5. mike says:

    I dunno, getting kicked out of Bible School sounds like a win-win to me.

    Well-loved. Like or Dislike: Thumb up 15 Thumb down 7
  6. Ian M says:

    Bible school, eh.

    WWJD?

    He would have made 7 Scooby-Doo Snacks into many more. He would have then sold them for nothing less than homage.

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  7. JAM says:

    She probably made the mistake of not offering the governing authorities of the school a cut of her profits.

    Well-loved. Like or Dislike: Thumb up 23 Thumb down 2
  8. Lew says:

    Is there such a thing as “charitable exploitation of one’s peers”?

    Well-loved. Like or Dislike: Thumb up 9 Thumb down 1