现代经济学第7章.ppt

* The derivation of the staircase-supply curve is analogous to that of the staircase demand curve in the earlier example. Hence, the animation is not as detailed. * 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