S E13: Economic Surplus - Getting the Most out of Life
Think Like An Economist
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How to Measure Consumer Surplus and Produce a Surplice
Consumeir and produce a surplice help us measure just how well off we can be. And it tells us a lot more than just prices. Can many the things that create the most joy in our live, like access to clean water, indoor plumbing, technology keep us connected to friends and family? If you really want to know what people value, you need to look at something like consumer surplus and producer surplus.
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