Download Economic Surplus - Marriott School

Survey
yes no Was this document useful for you?
   Thank you for your participation!

* Your assessment is very important for improving the workof artificial intelligence, which forms the content of this project

page
1
page
2
page
3
page
4
page
5
Document related concepts
no text concepts found
Transcript 
Economic Surplus
Welfare Economics and Public Goods
Measurements of Economic Welfare
• Consumer surplus (CS)
• Producer surplus (PS)
Copyright © by Houghton Mifflin
Company. All rights reserved.
2
Figure 3.11: Consumer and Producer Surplus
Copyright © by Houghton Mifflin
Company. All rights reserved.
3
Figure 3.12: Changes in Consumer and Producer Surpluses
Copyright © by Houghton Mifflin
Company. All rights reserved.
4
Figure 3.13: Welfare Is Maximized at the Market Equilibrium Price and Quantity
Copyright © by Houghton Mifflin
Company. All rights reserved.
5
Related documents