What's with a variable minimum aperture?

Comparing zoom lenses: Variable minimum aperture (top) versus fixed minimum aperture (bottom). When you look at the specifications printed on a lens, it usually denotes brand (Nikon), focal length (single number for prime or range for zoom), and often other tidbits such as type of glass (ED), type of mount (G), build quality (S and N). Another thing you usually find is the minimum aperture denoted as a 1:___ ratio. The question is, is it a single number (1:4) or a range (1:3.5-4.5). All prime lenses have a single minimum aperture, usually lower than zooms of similar focal length. Zooms may have either a single minimum aperture common to all focal lengths or the aperture may vary depending on what focal length the zoom is operating at. In general, you will find that more expensive zooms have a fixed minimum aperture while their less costly counterparts have a variable minimum aperture. It's not only the common minimum aperture that's pricey thou...