Why do female models earn so much more than male models?
First reason:
Because it is better paid job for women than men the same as men football compare to women football.
Second reason:
Women read more fashion magazines than men were there are female models, so there is more sold fashion magazines for women which cause higher price.
Why does a $500 tuxedo rent for $90 a day while a $20,000 car rents for only $40?
Because a tuxedo fixed cost are very low and variable cost are very high. Cloths comapny is obligaded to for example washe the tuxedo after the each user so a money is going back and the tuxedo needs to be a good quality for the next consumer, so sometimes the compnany have to buy more toxedos in short time what cosume a lot of a money.
Tha car have high fixed costs(fuel)and low variable costs. So car needs less than cloths because sometimes it doesn't need cleaning it is depanding on the weather. Company buy car and use it for longer time than tuxedo becasue it is more persistent and it doesn't need very higienic treating and always consumer pay for a the fuel which is need to the car.
In my opinion the price of the rent the tuxedo is higher because of higher cost of the expaltation and a short time of useful compare to the car, so the owner of the company wants to make the profit in shorter time.
Diseconomies of scale
7 years ago
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