Qualification > Commerce
economics pastpaper doubts!
Dasith:
4 the other one, as u can see there is no producer surplus, this obviously show that producer is loosing/ gaining nothing, but still producing for 23 million households. consumer surplus is negetive after 17 million but however the net benitfit is higher as u can see in the diagram. Therefore it is possible to say that consumer is getting a higher benifit than they actaully pay for , (there expenditure is 23 x 121, & they recieve benifits of more than that )
Dasith:
hope u knw wat producer & consumer surplus is ;)
Tohru Kyo Sohma:
--- Quote from: Dasith on May 11, 2011, 11:11:13 am ---hope u knw wat producer & consumer surplus is ;)
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lol..yes i know wat they mean....thanx a ton dasith ;)
Dasith:
--- Quote from: mimiswift on May 11, 2011, 11:17:11 am ---lol..yes i know wat they mean....thanx a ton dasith ;)
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u sure u got it?, because i explained in a hurry O.o
Tohru Kyo Sohma:
--- Quote from: Dasith on May 11, 2011, 11:25:10 am ---u sure u got it?, because i explained in a hurry O.o
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yes i think i got it.!!! :-[
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