Would you kindly quote your best price?

You can learn about your own mosaic.

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

We just divide both sides by 0.75.

And so it has 4 million worth of equity.

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

Prices dropped recently.

Prices have dropped recently.

So I would shift the whole supply curve would shift to the left.

Price

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

Then auctions like eBay are another example of dynamic pricing.

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

It's actually 66.666 I hope you don't think I'm an evil person because of this number that happened to show up.

What's my worst case scenario?

The value of the dollar has fallen recently.

It's not about low cost.

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

Par value

Redemption

Present value

Present values

Future value

Dr. Price?

Wenneck, Price, Garner.

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

How could you have prices that kind of move?

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

The price of this car is very high.

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

Next thing I learned from Steve Jobs is

We have made an effort to quote our most competitive price.

Alright?

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.

And housing prices continue to fall even as the latest economic stimulus package fights its way through...

Perhaps only at a discount.

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

Please note that we have quoted the lowest possible price.

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

So, and maybe in particular the people who were going to buy this car at any given price point

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.

But let's parcel it a little bit more, cause these terms can be interesting.