Consumer surplus & output price

Related BrainMass Solutions

• Advanced Analysis of Consumer Surplus and Deadweight Loss

  a.What is the dollar value of the total surplus (producer surplus plus consumer surplus) when the allocatively efficient output level is being produced? How large is the dollar value of the consumer surplus at that output level?

• Surplus Ideas: Consumer surplus, Producer surplus

  Why are below- or above-equilibrium levels of output inefficient, according to these two sets of ideas? Consumer surplus: When the consumers' utility exceeds the price paid, consumer surplus is generated.

• Calculation of deadweight loss

  How large is the dollar value of the consumer surplus at the output level? At allocative efficiency (market price) the total area of the triangle ABC is the total surplus.

• Social Welfare Long Term Outcomes

  Output will be H and price is D. Now what will happen to the producer surplus? The area of the triangle ADF is the consumer surplus.

• Checking the validity of given statements

  Consumer surplus is the difference between the minimum and maximum price a consumer is wiling to pay for a good. b.

• Consumer Surplus and Maximizing Profits

  The consumer surplus (sometimes named consumers' surplus) is the utility for consumers by being able to purchase a product for a price that is less than the price most that they would be willing to pay. B.

• equilibrium price/output solution

  Graph and calculate the equilibrium price/output solution. How much consumer surplus,producer surplus, and social welfare is produced at this activity level? B.

• Consumer surplus, producer surplus and deadweight loss

  Calculate the equilibrium price and quantity. Explain why the output and price levels are different for X1 and X2.

• Types of markets, profit-maximizing choices, output

  The types of markets, profit-maximizing choices, output, price, consumer surplus and produce surplus is examined.