MICROECONOMIC PRICING MODEL
A model by which prices are determined within a market for a given product or service. Prices are set according to the balance of supply and demand in a market. Generally speaking, profit incentives look like an invisible hand that leads competing participants to an equilibrium price.
In this model, the demand curve is settled by consumers who aim to maximize their utility, given their budget. Companies set the supply curve in its attempt to maximize their earnings, given the production costs and demand level for their goods. In order to maximize income, the pricing model is in accordance with producing a certain quantity of goods by which total revenue subtracted by total costs is at its highest.
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Civil Service Retirement System - CSRS
System establishing the retirement, disability, and survivor benefits for certain Federal employees. The Federal Employees Retirement System (FERS) ...
The Conference Board
Nonprofit business organization researching, collating, and distributing information on management and the marketplace. A widely quoted private sou ...
Financial Economics
A branch of economics that analyzes the use and distribution of resources in markets in which decisions are made under uncertainty. Financial decis ...
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ECONOMIC CALENDAR
Time | Country | Indices | Period |
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05:00 | Credit Card Spending | Mar | |
14:30 | Industrial Product Price Index | Mar | |
14:30 | New Housing Price Index | Mar | |
14:30 | Raw Materials Price Index | Mar | |
16:00 | Consumer Confidence | Apr | |
02:30 | PMI Manufacturing | Apr | |
02:30 | Tertiary Industry Index | Apr | |
02:30 | PMI Composite | Apr | |
08:00 | Public Sector Net Borrowing | Mar |