I seem to remember that the transaction price is where the supply curve crosses the demand curve, whilst accepting that individuals can hold different utility values for the same good, and marginal utility can increase in some instances for the second good/usuage (such as ice-creams in the summer). I am not sure if this is helpful (or even still accurate).
I seem to remember that the transaction price is where the supply curve crosses the demand curve, whilst accepting that individuals can hold different utility values for the same good, and marginal utility can increase in some instances for the second good/usuage (such as ice-creams in the summer). I am not sure if this is helpful (or even still accurate).