Another major revolution the communications revolution.

There's a basic, profound acceleration of this evolutionary process.

One is fixed prices.

Price

Then auctions like eBay are another example of dynamic pricing.

So technically I guess prices can be rounded off to the nearest cent.

As expected, the price of imported goods rose.

That's dynamic pricing.

Par value

Redemption

Present value

Present values

Future value

Dr. Price?

Wenneck, Price, Garner.

You seem most fortunate in having an employé who comes under the full market price.

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

Alright?

It's not about low cost.

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

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

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

We believe that you will be able to make a price concession.

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

See...notice I get my axes confused

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

The price of admission.

How could you have prices that kind of move?

It turns out we made this pretty easy.

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

But there are two types of prices.

It is traded.

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

You would be correct that Company B was cheaper.

She's too young for this.

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

Next thing I learned from Steve Jobs is

In 2005, all of a sudden everyone is getting access to funding.

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.

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

That is the meat, the problem.

And that's a bit of an arbitrary notion.

So that's fine.

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

And that caused housing prices to go up.