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Microeconomics: Consumer and producer surplus

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Microeconomics: Consumer and producer surplus

Demand Curve as Marginal Benefit Curve. Consumer Surplus Introduction. Total Consumer Surplus as Area. Producer Surplus. Rent Control and Deadweight Loss. Minimum Wage and Price Floors. Taxation and Dead Weight Loss. Percentage Tax on Hamburgers. Taxes and Perfectly Inelastic Demand. Taxes and Perfectly Elastic Demand. Negative Externalities. Taxes for Factoring in Negative Externalities. Positive Externalities. Tragedy of the Commons. Demand Curve as Marginal Benefit Curve. Consumer Surplus Introduction. Total Consumer Surplus as Area. Producer Surplus. Rent Control and Deadweight Loss. Minimum Wage and Price Floors. Taxation and Dead Weight Loss. Percentage Tax on Hamburgers. Taxes and Perfectly Inelastic Demand. Taxes and Perfectly Elastic Demand. Negative Externalities. Taxes for Factoring in Negative Externalities. Positive Externalities. Tragedy of the Commons.

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