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

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

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

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.

Anyway, going back to Price to Earnings, we calculated the

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

How could you have prices that kind of move?

It is traded.

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

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

Even that banana that you buy at the grocery store.

Price

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 cost me 99 cents to make it.

I believe we should try more things that have a potential to be far less expensive.

Cost of goods sold, well that's just the cost of the goods sold.

Well in this case I paid 100 for the bank account.

Then auctions like eBay are another example of dynamic pricing.

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.

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

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

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

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

It's not about low cost.

And there is a little bit of a negative feedback, if price goes up.

Some stores discount the price.

So let's say it's 1.05.

Another opportunity might be to take the one that is worth the most, kind of ignoring what it weighs .

When economists refer to inflation today, they are referring to a general increase in the level of prices of goods and services.

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.

In this memo, you've doubled the price.

We're going to ask if everything you're trying to steal is less than the total weight that you can carry and never going to think about heist total, which given a list of things you're going to steal returns how much all those items are worth .

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

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

The price reflects the demand.

So if we believe these numbers, if we believe the books, the book value of the shares is about 3.02 per share.

So we know that housing prices went up.

Par value

Redemption

Present value

Present values

Future value

Dr. Price?

Wenneck, Price, Garner.

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