《西方经济学》英文版课件-6.pptVIP

C H A P T E R C H E C K L I S T When you have completed your study of this chapter, you will be able to 6.1 VALUE, PRICE, CONSUMER SURPLUS Demand and Marginal Benefit Buyers distinguish between value and price. Value is what the buyer gets. Price is what the buyer pays. The value of one more unit of a good or service is its marginal benefit. Marginal benefit can be measured as the maximum price that people are willing to pay for another unit of the good or service. 6.1 VALUE, PRICE, CONSUMER SURPLUS The consumer will buy one more unit of a good or service if its price is less than or equal