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

Let's say I do come out the gate at, I don't know, 1.75.

And the other?

Then there's an important military role.

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

Gold prices are skyrocketing in the wake of financial instability.

It's not about low cost.

Can you give me a better price?

And then kind of the third common errors, my price hast to be less than my competitor's price.

It's why the purchase price is so high.

So based on that, this looks cheaper.

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

There's no haggling.

Madam is angry because business is bad.

Now we can draw a similar demand curve for this very cheap automobile.

It is traded.

Dynamic pricing is exactly what it sounds like.

What is the price?

Whatever the sale price is, is what I have to pay in cash.

That sounds about right. It's within the right range at least.

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

And we saw that.

No, what happened to us, Chris, is that power, it's priced off the margin.

So I would shift the whole supply curve would shift to the left.

Price

So this is a completely comparable value to this 26,000.

Then auctions like eBay are another example of dynamic pricing.

So that's a little bit of a taste of why someone might realistically, in this case, pay a higher Price to Earnings for safety.

Our price is considerably higher than the current market price.

Next thing I learned from Steve Jobs is

But one of the things that we always tend to confuse is the difference between a revenue model and pricing.

See...notice I get my axes confused

1x minus 0.25x.

And obviously their inputs go into other people's their outputs go into other people's inputs.

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

Some of it will go back to your own pocket.

Obviously a 6 Price to Earnings of 20 times 2013 earnings isn't as good as a 6 Price to Earnings of 2010, because earnings in the future aren't worth as much as earnings today.

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

Trust me when I tell you that.

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

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.

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.

I'd like to discuss pricing with you.

It's actually 66.666 I hope you don't think I'm an evil person because of this number that happened to show up.

We have made an effort to quote our most competitive price.