There's no haggling.

One is fixed prices.

But there are two types of prices.

Then auctions like eBay are another example of dynamic pricing.

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

Cost plus market, value pricing, and volume price are all examples of fixed pricing tactics.

Here's how it is. It's the fixed price.

Well, let's put a tax on oil that is a non revenue tax, and it basically says for the next 20 years, the price of oil will be whatever you want, 35 bucks, 40 bucks.

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.

(Laughter) Audience member

The first three cost based pricing, value based pricing, or volume based pricing are all examples of fixed pricing tactics.

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

And you know that it's going to be 100.

And what shall we do?

What s the revenue stream. That s our strategy.

The chairs are aligned up in rows and columns.

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

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

It should be a value based decision.

This is a part of the nose of the Animaris Percipiere.

And the floor is solid, too, grooved.

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.

The number of points you need to get something close grows exponentially with the number of dimensions.

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

We've been talking about the law of demand and how if we hold all else equal, a change in price, price goes up, the quantity demanded goes down and the price goes down, the quantity demanded goes up.

It turns out we made this pretty easy.

But there's another type of pricing.

That's a mistake.

So if the sale is twenty five percent off of x, we could say that the new price, the sale price will be x minus twenty five percent of x is equal to the sale price.

It is traded.

Last point, last graph.

That just means that the last three yield management, real time, and auctions are examples of dynamic pricing.

Finance, you type in the ticker symbol and you get the price for that day.

But it's the case in many parts of the U.S. So actually to some degree, this, the dollar value, the property tax is driven by this home value assumption up here.

Set a price for this item

legitimate or otherwise.

Now what would happen if these things changed ?

Gangway locked in, sir.

Does the price include breakfast?

So I think you had more and more people thinking that they were saving when they weren't.

Let's take a look.

So what it actually does, it locks these strands, which are called fluxons, and it locks these fluxons in place.

A couple things about entities

The person who's paying 12.00 a share is assuming that this is understated, the book value is understated.

See...notice I get my axes confused