Ideas and discussions about economic and financial literacy issues.
Named one of the 100 best blogs for econ students by Online Universities Weblog.
Wednesday, November 24, 2010
Consumer, Producer and Total Surplus
Here's a little lesson in welfare economics that I'm sure most of us can identify with.
I know many of you are out for the break already; but I will ask anyway. How many went with consumer surplus? How many went with producer surplus? How many went with a socially optimal outcome?
No comments:
Post a Comment