Introduction to Microeconomics Chapter 04: Efficiency of markets and Elasticity
Inhalt:
Chapter 4 uses the concepts of consumer surplus (= willingness to pay – actual price), producer surplus (= actual price – costs to sellers) and total surplus (consumer surplus + producer surplus) to show that the equilibrium of markets is the point at which total surplus is maximised.
Stichwörter:
Vortrag
Referent:
Prof. Dr. Hiltgunt Fanning (Fachhochschule Stralsund)