hbarsquared
Quantum Chronomancer
Remember the "cost" for someone to cast a spell is never just the cost of the components. The material cost of a light bulb might be 10cents, but the supplier needs to pay for overhead, wages, distribution, loans, etc - all before even thinking about profit, which is why that light bulb might cost $2.50.
The "cost of material" for any business can be anywhere from 1% - 90%, before even considering profit.
So, material components might be 50gp, but the actual price to cast might be 200gp. The wizard has to pay for his workshop, fund further research, pay off the loan he made to buy the spell scroll he copied from in the first place, guild fees... Again, all before profit or making a living.
Of course, none of this takes into account supply and demand. That wizard can only cast it twice a day, and at the expense of other spells he might cast. And if there is only one 4th level wizard for every 10,000 people, those services are in hugh demand. Economics will increase that price drastically.
So, the cost of a continual flame spell could easily be in the 500gp - 1,000gp range
The "cost of material" for any business can be anywhere from 1% - 90%, before even considering profit.
So, material components might be 50gp, but the actual price to cast might be 200gp. The wizard has to pay for his workshop, fund further research, pay off the loan he made to buy the spell scroll he copied from in the first place, guild fees... Again, all before profit or making a living.
Of course, none of this takes into account supply and demand. That wizard can only cast it twice a day, and at the expense of other spells he might cast. And if there is only one 4th level wizard for every 10,000 people, those services are in hugh demand. Economics will increase that price drastically.
So, the cost of a continual flame spell could easily be in the 500gp - 1,000gp range
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