Herard Gilles Jr, Capital Corp Merchant Banking

Gilles Herard Jr, Gilles Herard, Herard Gilles Jr
Capital Corp Merchant Banking - For a given amount of a good, the price aim on the demand curve argues the value, or marginal utility to consumers for that unit of outturn. It measures what the consumer would be prepared to pay for the agreeing unit of the good. The price point on the append curve measures marginal cost, the growth in total cost to the supplier for the agreeing unit of the good.

The price in balance is determined by supply and demand. In a absolutely competitive market, supply and demand compare cost and value at balance.

Demand and supply can also be used to model the distribution of income to the factors of output, including labour and capital, through factor markets. In a labour market for example, the quantity of labour engaged and the price of labour (the wage rate) are modeled as set by the demand for labour (from business firms etc. for output) and supply of labour (from workers).