Popular Posts

A Theory of Consumers Surplus and Example of Surplus of Consumers

Saturday, November 14, 2009

Surplus of consumers are considered as the significant in the cost-benefit to analysis on the public investment for the welfare of the society. Rate of the product is always less than what a person is willing to pay for it. The difference between consumers wills to pay and those actual pays lead to satisfaction which is consumer surplus.On the other hand, surplus of producer exists when actual price exceeds the minimum price that the seller is ready to accept. Resource owners usually captured producer’s surplus.Meaning of Consumer Surplus:At first, Marshall had proposed the theory of consumer surplus which is based on demand theory....
Read more

Contact Us

http://propertyonwheel.blogspot.in/ is a financial blog of my sole opinions, views, reviews and thoughts. The blog site links to other third party sites also related to the blog site content. Do not copy content (text/images) without permission of the blog's owner. The blog takes your privacy as prime concern and you agree to abide by the terms & conditions of the blog by visiting it. Contact Us - riturajji (at the rate of) gmail (dot) com.

New Posts

Your Views