4 Answered Questions for the topic consumer surplus

Consumer Surplus Economics Micreconomics

02/16/21

How would you calculate consumer surplus given a table with consumers' willingness to pay?
Given the following table, calculate the total consumer surplus if the market price is 6. Assume this is a stepped demand curve.
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09/08/20

Consumer and Producer Surplus using only algebra to calculate
Calculate the consumer and producer surplus in the following market:Inverse Demand function: P = -2Q + 120 Supply function: P = 0.5Q + 20
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09/08/20

Consumer and Producer Surplus using algebra to calculate
Calculate the consumer and producer surplus in the following market:Inverse Demand function: P = -Q + 12 Supply function: P = 2Q + 6
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04/25/19

Can a monopoly INCREASE the market surplus compared with a competitive market?
Monopolies are often blamed for DWLs(Dead Weight Losses), while competitive markets believed to work without DWLs (assuming zero taxes/subsidies and zero externalities). But I think I found an... more
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