tag:blogger.com,1999:blog-6576358103194698462.post5788769378839794972..comments2019-01-17T05:15:36.523-08:00Comments on FreeEconHelp.com, Learning Economics... Solved!: What is consumer surplus, and how to calculate it.Jeffnoreply@blogger.comBlogger9125tag:blogger.com,1999:blog-6576358103194698462.post-33257910294034473172018-06-19T00:49:10.294-07:002018-06-19T00:49:10.294-07:00If demand curve is q=50-2p and price is 5 then con...If demand curve is q=50-2p and price is 5 then consumer surplus is 400 by area of triangle method and 480 by integration method, why so ?riya guptahttps://www.blogger.com/profile/15697723292770158586noreply@blogger.comtag:blogger.com,1999:blog-6576358103194698462.post-36925905877660050962018-05-12T08:49:35.240-07:002018-05-12T08:49:35.240-07:00According to me,,consumer surplus will be 80..According to me,,consumer surplus will be 80..ditul kalitahttps://www.blogger.com/profile/05855662857167447935noreply@blogger.comtag:blogger.com,1999:blog-6576358103194698462.post-16183828477914822022015-10-31T23:36:46.562-07:002015-10-31T23:36:46.562-07:00How to find out quantity of goods??How to find out quantity of goods??sahithya k.ahttps://www.blogger.com/profile/18198154365289884641noreply@blogger.comtag:blogger.com,1999:blog-6576358103194698462.post-47451983173623485492015-10-31T23:36:09.792-07:002015-10-31T23:36:09.792-07:00How to find out quantity of goods??How to find out quantity of goods??sahithya k.ahttps://www.blogger.com/profile/18198154365289884641noreply@blogger.comtag:blogger.com,1999:blog-6576358103194698462.post-57202426544608913082015-10-07T07:27:03.922-07:002015-10-07T07:27:03.922-07:00When asked---- the total consumer surplus is shown...When asked---- the total consumer surplus is shown by area? Do you give the 3 points of the triangle orthe 4 letters that would form a rectangle?Unknownhttps://www.blogger.com/profile/13242157871642318057noreply@blogger.comtag:blogger.com,1999:blog-6576358103194698462.post-13966955769393453422015-01-20T22:44:30.134-08:002015-01-20T22:44:30.134-08:00@Anonymous, if you have p&q(Qd=Qs), then you o...@Anonymous, if you have p&q(Qd=Qs), then you only have to find the maximum willingness to pay i.e. the price at which demand approaches zero.<br />then find the area of the triangle formed by the eq. point, the price line and the Pmwp (the price at which demand approaches zero)<br />that's it.<br />Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-6576358103194698462.post-3945309326520402782012-11-12T09:50:48.003-08:002012-11-12T09:50:48.003-08:00Hi I have been given this equation :
Qd=50-10P
3Q...Hi I have been given this equation :<br /><br />Qd=50-10P<br />3Qs=-10+10P<br /><br />I have found both P and Q. However from this information they want me to find the economic surplus? How can I do that? Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-6576358103194698462.post-29570476593676151622012-02-11T22:10:06.258-08:002012-02-11T22:10:06.258-08:00@Akshay, essentially that it what we are doing by...@Akshay, essentially that it what we are doing by calculating the area of the triangle. Imagine if there were 300,000,000 consumers, calculating the surplus for each one would be tedious, but calculating the area of the triangle approaches this value and is much easier. This is similar to a Riemann sum vs. an integral for those with calculus.freeeconhelpnoreply@blogger.comtag:blogger.com,1999:blog-6576358103194698462.post-16645285707126106952012-02-07T23:24:27.557-08:002012-02-07T23:24:27.557-08:00Hello, Thank you for this explanation on consumer ...Hello, Thank you for this explanation on consumer surplus. The first chart of the individual consumers is extremely helpful in understanding this concept. I did have one question though. When we look at the Demand Curve, why don't we just add up the individual prices that consumers are willing to pay above the equilibrium price? Why do we have to calculate the area of the triangle? Thanks!Akshayhttps://www.blogger.com/profile/07406944989623820063noreply@blogger.com