How much does a Banana cost anyway?
Something struck me today in the light of how American's pay for certain things. Take for example, something as simple as a banana. On the scale of how much snacks cost, I would put bananas on the low end. Pick up any Snickers, Reeses or anything else from a store like Wal-Mart and you are bound to pay between $1.00 and $2.00 depending on what you are after.
Recently finding that they sell banana singles, I thought that was a great way to eat a snack. Far more filling, tastes better as well. Still high in carbohydrates but we can't expect it to be perfect can we? But how much do they cost? At least when you pick up a candy bar, you know the price. Bananas are traditionally sold by weight. The most recent price in my local mart was $0.26 for a single banana. So I can eat a healthier snack for less, and it is more filling? Sign me up.
Fast forward two days to this morning I am in line at Starbucks waiting to spend way to much money for a fancy milkshake with a small amount of coffee added to it and my choice of flavored syrup. I do feel slightly bad about it, and know that this could be better spent elsewhere. But urges take over and I remain in line. I walk past the over priced pastries, all of which don't look too appealing. Then I get to the bananas. I think, well now here is a good idea. It is healthy and can't be too expensive right.
I mistakenly forgot where I was, and then saw that the price of a single banana is $1.00! Perhaps it is the lack of economics knowledge I posses but this price markup shocked me. They were offering to sell me something for 4x what I could get it elsewhere. The bananas looked in good order, nothing special and certainly appetizing. They were not labeled organic, hand-picked or any other marketing term that would justify that kind of markup.
Have you ever paid $1.00 for a banana? Would you?
Image Credit » http://pixabay.com/en/bananas-ripe-bunch-yellow-tropical-616429/ by skeeze