《西方经济学》双语课件ch07-Consumers, Producers, and the Efficiency of Markets.pptVIP

In this chapter, look for the answers to these questions: What is consumer surplus? How is it related to the demand curve? What is producer surplus? How is it related to the supply curve? Do markets produce a desirable allocation of resources? Or could the market outcome be improved upon? Welfare Economics Recall, the allocation of resources refers to: how much of each good is produced which producers produce it which consumers consume it Welfare economics: the study of how the allocation of resources affects economic well-being First, we look at the well-being of consumers. Willingne