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lobster prices

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1) "Lobster" -- As to lobster prices lob·ster Pronunciation: 'läb-st&r Function: noun Usage: often attributive Etymology: Middle English, from Old English loppestre, from loppe spider 1 : any of a family (Nephropidae and especially Homarus americanus) of large edible marine decapod crustaceans that have stalked eyes, a pair of large claws, and a long abdomen and that include species from coasts on both sides of the North Atlantic and from the Cape of Good Hope 2 : SPINY LOBSTER - lob·ster·like /-"lIk/ adjective [lobster illustration] Pronunciation Symbols Editing of this article by unregistered or newly registered users is currently disabled. Such users may discuss changes, request unprotection, log in, or create an account. 2) "Prices" -- As to lobster prices 1price Pronunciation: 'prIs Function: noun Etymology: Middle English pris, from Anglo-French, from Latin pretium price, money; probably akin to Sanskrit prati- against, in return -- more at PROS- 1archaic: VALUE, WORTH 2 a: the quantity of one thing that is exchanged or demanded in barter or sale for another b: the amount of money given or set as consideration for the sale of a specified thing 3: the terms for the sake of which something is done or undertaken: as a: an amount sufficient to bribe one <believed every man had his price> b: a reward for the apprehension or death of a person <an outlaw with a price on his head> 4: the cost at which something is obtained <the price of freedom is restraint -- J. Irwin Miller> Pronunciation Symbols For people whose family name is Price see Price (disambiguation). In economics and business, the price is the assigned numerical monetary value of a good, service or asset. The concept of price is central to microeconomics where it is one of the most important variables in resource allocation theory (also called price theory). Price is also central to marketing where it is one of the four variables in the marketing mix that business people use to develop a marketing plan. Nephropidae Scientific classification Kingdom: Animalia Phylum: Arthropoda Subphylum: Crustacea Class: Malacostraca Order: Decapoda Infraorder: Astacidea Family: Nephropidae Dana, 1852 Subfamilies and Genera Neophoberinae Acanthacaris Thymopinae Nephropsis Nephropides Thymops Thymopsis Nephropinae Homarus Nephrops Homarinus Metanephrops Eunephrops Thymopides 1 Conventional definition 2 Relative and nominal price 3 Marxian price theory 4 Austrian theory 5 See also 6 External links 7 References In ordinary usage, price is the quantity of payment or compensation for something. People may say about a criminal that he has 'paid the price to society' to imply that he has paid a penalty or compensation. They may say that somebody paid for his folly to imply that he suffered the consequence. Economists view price as an exchange ratio between goods that pay for each other. In case of barter between two goods whose quantities are x and y, the price of x is the ratio y/x, while the price of y is the ratio x/y. This however has not been used consistently, so that old confusion regarding value frequently reappears. The value of something is a quantity counted in common units of value called numeraire, which may even be an imaginary good. This is done to compare different goods. The unit of value is frequently confused with price, because market value is calculated as the quantity of some good multiplied by its nominal price. Theory of price asserts that the market price reflects interaction between two opposing considerations. On the one side are demand considerations based on marginal utility, while on the other side are supply considerations based on marginal cost. An equilibrium price is supp..." 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