The wholesale price of one bottle of Veritas Vineyards wine, always a profitable brand, is the same today as it was in 1991. βββ ββββββββββββ ββββββ ββ βββββ ββ βββ βββββββββ βββββ βββββ βββ βββββ ββ βββββββββ βββ βββββββ βββββ βββββ βββββββ βββ ββββ ββ βββ ββββββββββ ββ βββ βββββ βββββββ ββββββββββ βββ ββ βββ ββββββ βββββββ ββββ βββ βββ ββββββββ βββ ββ βββ βββββ ββ βββ ββββββββββ ββ βββββββββ β ββββββ ββ βββββββ βββββββββ ββββ ββββ ββββββββ βββββββββ ββββββ ββββ ββ βββ ββββββ βββββ ββββ ββββββ βββββ ββ ββββ βββββ ββ ββββ βββ ββ βββββ
The wholesale price of one bottle of Veritas Vineyards wine is the same today as it was in 1991. The winegrowerβs profit is equal to the wholesale price minus the cost of the glass bottles and the corks. Between 1991 and today, all of the costs to produce a bottle of Veritas Vineyards wine have remained constant, except that of the corks. Corks cost twice as much today as they cost in 1991.
Each bottle of Veritas Vineyards wine sold today generates less profit than each bottle sold in 1991. We know this because the cost of corks has gone up, all other costs have remained the same, and the wholesale price has stayed the same.
If the statements above are βββββ βββββ βββ ββ βββ βββββββββ ββββ ββββ ββ ββββ ββ βββ βββββ ββ βββββ
The number of βββββββ ββ βββββββ βββββββββ ββββ ββββ βββ ββββββββ βββββββββ βββββββ ββββ βββ βββ ββββββββ
Each bottle of βββββββ βββββββββ ββββ ββββ ββ ββββ βββββ ββββββ βββ ββββββββββ ββββ ββββββ ββββ βββ ββββ ββββββ ββββ ββ βββββ
The cost to βββ ββββ βββββ ββ βββββββββ βββ βββββ ββββ ββ βββββββ ββ βββββββ βββββββββ ββββ βββ βββββββββ βββββ βββββ
The aggregate profit βββββββββ ββ βββ ββββββββββββ βββββ ββ βββββββ βββββββββ ββββ ββββ ββββ ββ βββββββ ββββ βββ βββββββββ ββββββ βββββββββ ββ βββββ
The cost of ββββ ββββ ββββ ββ ββββββββ βββββββ βββββββββ ββββ ββ βββββββββ βββββββ ββββ βββ ββββ ββ ββββ βββββ ββββββ βββββββ