It's not about low cost.

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

We can give them an advantage.

Even that banana that you buy at the grocery store.

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

They said, No.

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

Because he's got an efficient enough factory.

But I can't give you any exact figures.

Let's look at these cases a little bit more carefully and figure out what's going on.

Today it's less than 50 cents a day.

If you expect the future price to go up and the good or the product in question is something that you can store, well, depending on how much you expected to go up, you're probably more likely to buy now buy before the price goes up.

But our brains work in the opposite order.

And the other?

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

It is traded.

Will the strike affect the price of coal?

I mean, it is really very, very scary the abuse that dogs get.

What would be your reason? (Audience

So I think you had more and more people thinking that they were saving when they weren't.

Excuse me, would you mind if I peruse your stock portfolio?

It should be a value based decision.

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

And that might sound like a very reasonable proposition, that the house will appreciate by 1.5 .

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

Let's assume it's completely uniform.

Price

I'm going to talk about two stories today.

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 .

It graphs the size of the house in square feet to the sales price in thousands of dollars.

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.

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

On the other hand, if you bid down here, and if c snuck in in between what your bid is and what the valuation is, then you've lost the auction, and you get a zero, but you should have won or it would have been worth your while to win because the price still would have been a bargain to you.

And if that money supply that's affected by all of those things grows faster than the total real productivity of the economy, then it will generally increase the level of prices.

Then auctions like eBay are another example of dynamic pricing.

But when you lower the Price to Earnings you are increasing the Earnings to 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.

So if I define my function here, will this work?

A lot of hurdles.

So 5 million divided by 1 million is 5.

We count a simple statement something like x x 1 as something that takes 1 unit of time.

Some stores discount the price.

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

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