微经PPTch07-消费者、生产者与市场效率解读.pptVIP

* For your students’ future reference, you might also note that we can use the term “marginal cost” as short-hand for “cost of the marginal seller.” * It might help to say “participating in the market” means buying and selling. It might also help to say that CS measures the net benefit to buyers: the value they get from the good is the gross benefit, minus what they pay leaves the net benefit, or CS. Similarly, PS is the net benefit to sellers. I did not put “net benefit” on this slide because it is not in the book. But if you wish, you may add it. After showing this slide in clas