Then auctions like eBay are another example of dynamic pricing.

Price

The upper right hand corner is where you want to be.

Uniqueness on the vertical axis, value on a horizontal axis.

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

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

The economies were hit hard by energy price increases.

The East Asian economies were hit hard by energy price increases.

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

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

The price of admission.

(Laughter)

Par value

Redemption

Present value

Present values

Future value

Dr. Price?

Wenneck, Price, Garner.

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

How could you have prices that kind of move?

You would be correct that Company B was cheaper.

Alright?

That is Scenario E.

It turns out we made this pretty easy.

It's not about low cost.

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

And finally, American families also pay a price for oil.

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.

Our price is considerably higher than the current market price.

See...notice I get my axes confused

And that caused housing prices to go up.

Because to get that banana to your store, you need to use some gasoline.

The Price of Competing Products. WRTlNG

So for example, let's think about Scenario, a Scenario 2.

Or, another way to think about it is the cost of production.

Now let's think about related goods.

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

We just divide both sides by 0.75.

Well, I won't define the vehicle for you, but I will define the cost for you.

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.