It's not about low cost.

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

So, I went online again and I looked at what an optimal sensor would look like.

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

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

Look, Pat, First Rate got that contract fair and square.

That would power the U.S. for hundreds of years.

And what would make your customer's job or life easier?

No one will think less of you.

Price to Earnings, all else equal and that's a big thing all else equal, the lower the Price to Earnings, you're paying less for something.

In the consumer grade printers, things like a maker bot or a typing machine they're extremely low res and very fast laugh but their cost is kind of going up and the high res stuff, the cost is kind of going down so I think the next couple of years, we're going to see a meet in the middle.

So they will all be... it would look something like that.

The goal of Tesla has always been to have a sort of three step process, where version one was an expensive car at low volume, version two is medium priced and medium volume, and then version three would be low price, high volume.

Do Low Interest Rates Ensure High Asset Prices?

And both of them satisfy the law of demand if the price is really high the quantity demanded is going to be really low for the laptop and so it might be right over there and if the price is low the quantity demanded is going to increase.

licensing and intermediation and direct sales, etc.

It's very simple. It's cost plus markup.

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

People like Bill Buxton have been playing around with it in the '80s.

Low Price to Earnings ratio implies that it's cheaper.

Software can do it faster.

It turns out we made this pretty easy.

And you're going to pay a lower Price to Earnings ratio if the company isn't growing.

Please note that we have quoted the lowest possible price.

Price

Then auctions like eBay are another example of dynamic pricing.

Their level of commitment is tremendous.

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

A lot of hurdles.

We're not selling the car.

But the price went to 140 dollars from 500.

And the cost of a transistor cycle, which is a measure of the price performance of electronics, comes down about every year.

But what Apple is shown to me is that it's not necessarily the case that you have to have the lowest price.

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

What is the price?

If prices go down a little bit, it doesn't affect people's behavior in aggregate.

You can learn about your own mosaic.

In companies do you know how much each individual department can sign off for?

So if you expect if before you thought prices were going to be roughly constant, and now you expect them to go down, now you are gonna say wow,

Par value

Redemption

Present value

Present values

Future value

Dr. Price?