So the first one I'd like to parce is the idea of market value.

One is fixed prices.

I could actually price on specific customer segments or on features I know they need.

Blend

Price

See...notice I get my axes confused

Then auctions like eBay are another example of dynamic pricing.

Now suppose that after you take your learn parameters, if you test your hypothesis on the new set of houses, suppose you find that this is making huge errors in this prediction of the housing prices.

It's the best price that someone's willing to give you for something.

They want to encourage high volume purchases, and so they have stepped pricing that is oriented to create volume.

Or, another way to think about it is the cost of production.

I think there is a real correlation with innovation and art and science.

On the left hand side, labor is is under a high cost pressure.

Par value

Redemption

Present value

Present values

Future value

Dr. Price?

Wenneck, Price, Garner.

We are essentially saying the demand, the Price Quantity demanded relationship is held constant and we can pick a price and we'll get a certain quantity demanded.

let me do it for the same thing

That is Scenario E.

You would be correct that Company B was cheaper.

I love Lego Mindstorm, is which a wonderful way to experiment with these things.

If you ever think about it, pricing that you negotiate yeah, we kind of have this price on paper, but that's just the starting point of the conversation.

How could you have prices that kind of move?

So that's fine.

And so we will provide,

And we see that the last trade here was for 2.58.

Alright?

There's no haggling.

And finally, American families also pay a price for oil.

And that tells you that the book value per share is 4.

It's not about low cost.

The new model will retail for 30,000 yen.

It has been made possible, by the way, for certain other different reasons.

And so the first of these that I will focus on the first is the price of competing products.

And so the obvious question is, why did this happen?

So let's talk about our first scenario here, where let's say this curve, people didn't expect prices to change for my e book and now all of a sudden, people expect there's a change in expectation.

For any given price, it's going to lower the quantity demanded.

Let's say a guy invents a better light bulb.

The price of admission.

Look, Pat, First Rate got that contract fair and square.

We lost out to our rival in price competition.