The Profitable Theory of Consumers' and Producers' Surplus
Chung-Hua Institution for Economic Research
December 8, 2009
Chung-Hua Institute Economics Working Paper No. 335
This paper shows what consumers’ or producers’ surplus is. They are identical and equal to profit. Even then, the traditional understanding of profit or surplus is a speculative one. A more correct attitude is to work harder and to improve efficiency for more surplus or profit. That way other people also enjoy surplus or profit.
Number of Pages in PDF File: 8
Keywords: Consumers’ surplus, Producers’ surplus, Profit
JEL Classification: D12, D21working papers series
Date posted: December 8, 2009 ; Last revised: December 16, 2009
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