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Lectures in Microeconomics-Charles W. Upton Consumer and Producer Surplus
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Competitive Diversity How can cost functions differ? Economic and Accounting Profits Taxing a Competitive Industry Consumer and Producer Surplus
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D Q* S P*
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Consumer and Producer Surplus D Q* S P* CS
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Consumer and Producer Surplus D Q* S P* CS PS
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Consumer and Producer Surplus D Q* S P* CS PS Consumer Surplus measure the net benefits to consumers; Producer Surplus measure the net benefits (aka profits) to producers.
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Consumer and Producer Surplus A Simple Application D Q* S P* CS PS P max P min
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Consumer and Producer Surplus A Simple Application D Q* S P* CS PS P max P min
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Consumer and Producer Surplus End ©2006 Charles W. Upton
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