#865590

#865590: This sum is the gross benefit of consuming the good. If we … the amount spent on the purchase of the good, we get the consumer’s surplus.

This sum is the gross benefit of consuming the good. If we … the amount spent on the purchase of the good, we get the consumer’s surplus.
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Тематика: Микро- и макроэкономические основы рыночного ценообразования Теория отраслевых рынков Экономическая мысль дорыночной экономики
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The change in … surplus associated with a price change has a roughly trapezoidal shape. It can be interpreted as the change in utility associated with the price change. In general, we can use the compensating variation and the equivalent variation in income to measure the monetary impact of a … change. If utility is …, the compensating variation, the equivalent variation, and the change in consumer’s surplus are all equal. In the case of supply behavior we can define a producer’s surplus that measures the net benefits to the supplier from producing a given amount of output. The term v(n) − pn is called consumer’s surplus.