Power Cables diminishing returns

$2000 power cord actually has no more than total of $50 material + work. The rest is marketting and brain shower. What is diminishing return of such product?

just like prescription medications which cost six cents a pill to make and sell for $700 for 30...

Just like prescription medications which cost six cents a pill to make and sell for $700 for 30...

I wouldn't draw any parallels with power cords, though. According to this article in Forbes research and development expenditures by a dozen major drug producers, from 1997 to 2011, divided by the number of their drugs that were ultimately approved and brought to market ranged from $3.7 to $11.8 billion dollars per approved drug.

Regards,
-- Al

Al,
You're absolutely correct concerning the very high cost of pharmaceutical development, testing, trials and finally FDA approval. Contrary to popular myth it's a very long and very costly process. Sometimes companies don't recoup their investments. There are losers as well as winners in this process.
Charles

I worked for a major pharmaceutical company for over 30 years. On average, it took about 10 years just to bring a product from conception to public consumption. Obviously, many never make the trip.