It's not about low cost.

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

So, I went online again and I looked at what an optimal sensor would look like.

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

And so, we're in a wonderful situation with electricity in the rich world.

Because you're getting the same earnings for a lower price.

So if you expect if before you thought prices were going to be roughly constant, and now you expect them to go down, now you are gonna say wow,

If prices go down a little bit, it doesn't affect people's behavior in aggregate.

And this comes back to what we talked about in the last video.

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

Do Low Interest Rates Ensure High Asset Prices?

Price to Earnings, all else equal and that's a big thing all else equal, the lower the Price to Earnings, you're paying less for something.

And the cost of a transistor cycle, which is a measure of the price performance of electronics, comes down about every year.

And that's the real big take away I wanted you to get at, is that high utilization of anything, of our aggregate capacity, prices will increase.

Low Price to Earnings ratio implies that it's cheaper.

Software can do it faster.

(Laughter)

That would power the U.S. for hundreds of years.

And then they would take a loss.

Price

If consumption drops like this, we have all of this capacity and prices go down.

Then auctions like eBay are another example of dynamic pricing.

And this is very relevant to what's going on in the world today.

A lot of hurdles.

We're not selling the car.

Detorque. Detorque.

The goal of Tesla has always been to have a sort of three step process, where version one was an expensive car at low volume, version two is medium priced and medium volume, and then version three would be low price, high volume.

The first stage in a technology's advance is that it'll fall below a critical price.

And what would make your customer's job or life easier?

People like Bill Buxton have been playing around with it in the '80s.

Stock prices plunged to a record low.

Par value

Redemption

Present value

Present values

Future value

Dr. Price?

Wenneck, Price, Garner.

It's very simple. It's cost plus markup.

AlDS drugs all over the world to people we cannot presently reach.

And you're going to pay a lower Price to Earnings ratio if the company isn't growing.

Southwest took on the airline industry by bringing up the traditional hub and spoke model and providing just very limited services but for an extremely low price.

Would you kindly quote your best price?

The crude oil price is falling further.

Crude oil has been falling in price.