The Profitable Theory of Consumers' and Producers' Surplus

Choi, Hak

doi:10.2139/ssrn.1520419

Abstract

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The Profitable Theory of Consumers' and Producers' Surplus

Hak Choi

Chung-Hua Institution for Economic Research

December 8, 2009

Chung-Hua Institute Economics Working Paper No. 335

Abstract:
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, D21

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Date posted: December 8, 2009 ; Last revised: December 16, 2009

Suggested Citation

Choi, Hak, The Profitable Theory of Consumers' and Producers' Surplus (December 8, 2009). Chung-Hua Institute Economics Working Paper No. 335 . Available at SSRN: http://ssrn.com/abstract=1520419 or http://dx.doi.org/10.2139/ssrn.1520419

Contact Information

Hak Choi (Contact Author)

Chung-Hua Institution for Economic Research ( email )

75, Changhsin St.
Taipei
Taiwan