Why It Matters: Surplus – ACC Principles of Microeconomics
https://pressbooks.ccconline.org/accanderssenmicro/chapter/why-it-matters-surplus/
WEBWhy It Matters: Surplus – ACC Principles of Microeconomics. Why use the concept of producer, consumer surplus, and total surplus to explain the outcomes of markets for individuals, firms, and society? Students often see this topic on surplus as technical, but it’s really fundamental to understanding economics if you realize what it’s about.
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