lecture 17 - - as consumers - eating soup.- as shareholders...

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2010: LECTURE 17 1 LECTURE 17 DATA COLLECTION EXERCISE Please write time and instructor of recitation, and hand in to box with instructor’s name. EXPERIMENT SOCIAL EVALUATION OF THE MARKET OUTCOME Mankiw: Chapter 7
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2010: LECTURE 17 2 DATA COLLECTION EXERCISE EXPERIMENT
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2010: LECTURE 17 3 EVALUATING THE MARKET OUTCOME What happens:
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2010: LECTURE 17 4
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2010: LECTURE 17 5 Households affected because of soup market:
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Unformatted text preview: - as consumers - eating soup.- as shareholders - profits. Total benefit to households from soup market: = net benefit from buying plus profit. = consumer surplus + producer surplus. 2010: LECTURE 17 6 Total benefit = ABE + BCE. = (m$/week) Note: same households can benefit through both routes...
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This note was uploaded on 10/29/2011 for the course ECON 2010 taught by Professor Mertens,wi during the Spring '07 term at Colorado.

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lecture 17 - - as consumers - eating soup.- as shareholders...

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