Consumer Surplus: The Discrete case Price 10 Consumer Surplus The value received but not paid for Quantity Michael R Baye, Managerial Economics and Business Strategy, 3e. CThe McGraw-Hill Companies, Inc, 1999
Michael R. Baye, Managerial Economics and Business Strategy, 3e. ©The McGraw-Hill Companies, Inc. , 1999 Price Quantity D 10 8 6 4 2 1 2 3 4 5 Consumer Surplus: The value received but not paid for Consumer Surplus: The Discrete Case
Consumer Surplus The Continuous case Price S 10 Value of 4 units 8 Consumer Sural Total Cost of 4 units 2 3 4 5 Quantit Michael R Baye, Managerial Economics and Business Strategy, 3e. CThe McGraw-Hill Companies, Inc, 1999
Michael R. Baye, Managerial Economics and Business Strategy, 3e. ©The McGraw-Hill Companies, Inc. , 1999 Consumer Surplus: The Continuous Case Price $ Quantity D 10 8 6 4 2 1 2 3 4 5 Value of 4 units Consumer Surplus Total Cost of 4 units