Resumen
Summary IB Economics HL Consumer and Producer Surplus Cheat Sheet
- Grado
- Institución
- Book
Handwritten IB Economics HL Consumer and Producer Surplus Cheat Sheet with detailed diagrams and analysis, along with formulas
[Mostrar más]Vista previa 1 fuera de 1 páginas
Vista previa 1 fuera de 1 páginas
Añadir al carrito
Añadir al carrito
Libro relacionado
Título del libro:
Autor(es):
- Edición:
- ISBN:
- Edición:
Más resúmenes para
-
ECS1601 Assignment 5 (COMPLETE ANSWERS QUIZ) Semester 2 2024 (672162) - DUE 25 September 2024
-
ECS1601 Assignment 2 2024 - DUE 30 July 2024
-
IB Economics HL Formula Booklet
Vendedor
Seguir
jaanamanand
Vista previa del contenido
surplus PConsumer
Surplus
a
◦
s =
MC
•
Producer Surplus
C,
↳
(the highest price consumers CONSUMER
←
( Price relieved by firms for
SURPLUS
willing to
' '
for selling good)
are their
pay a ( the lowest
-
good)
-
( the price actually paid ) lo willing to accept
price they t are
D= MB
°
Below Demand Curve PRODUCER produce the
good )
SURPLUS
& Below Above
price paid by supply curve & below the
•
consumer
so
upto Qty purchased ☆ Allocate Zffeciency achieved at market equilibrium
price relieved firm upto
by the
.
:
,
when MB =
Me & social surplus is maximum / Social Welfare is maximum
Qty produced
.
.
↳
social
/ community surplus = Consumer Surplus + Producer
Surplus
At Market Equilibrium :
Marginal Benefit =
Marginal cost ;
↳
Market producing Qty of goods making the best
possible of resources
: -
is .
use scarce .
Consumer Surplus =
1 ✗ b × h ( of consumer
surplus A)
=
( P intercept of Demand -
P intercept at And ) ✗ Bs
2
2
Producer Surplus b h ( P intercept P intercept Qsdd ) Qs
1- Supply at
✗
of
= ✗ = -
✗
2
2
↳ In where has P
cases
supply curve no
intercept
A
Trapezium
atb,
PS =
of =
(
Los beneficios de comprar resúmenes en Stuvia estan en línea:
Garantiza la calidad de los comentarios
Compradores de Stuvia evaluaron más de 700.000 resúmenes. Así estas seguro que compras los mejores documentos!
Compra fácil y rápido
Puedes pagar rápidamente y en una vez con iDeal, tarjeta de crédito o con tu crédito de Stuvia. Sin tener que hacerte miembro.
Enfócate en lo más importante
Tus compañeros escriben los resúmenes. Por eso tienes la seguridad que tienes un resumen actual y confiable. Así llegas a la conclusión rapidamente!
Preguntas frecuentes
What do I get when I buy this document?
You get a PDF, available immediately after your purchase. The purchased document is accessible anytime, anywhere and indefinitely through your profile.
100% de satisfacción garantizada: ¿Cómo funciona?
Nuestra garantía de satisfacción le asegura que siempre encontrará un documento de estudio a tu medida. Tu rellenas un formulario y nuestro equipo de atención al cliente se encarga del resto.
Who am I buying this summary from?
Stuvia is a marketplace, so you are not buying this document from us, but from seller jaanamanand. Stuvia facilitates payment to the seller.
Will I be stuck with a subscription?
No, you only buy this summary for $6.32. You're not tied to anything after your purchase.
Can Stuvia be trusted?
4.6 stars on Google & Trustpilot (+1000 reviews)
45,681 summaries were sold in the last 30 days
Founded in 2010, the go-to place to buy summaries for 14 years now