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→Consumer Choice: heading fixed
Was this worth it? You bet: now you have two extra potato chips that you would not have had by splitting everything equally. Chris and Stephanie are just as happy, and you can share the additional chips with Kevin.
Was this worth it? You bet: now you have two extra potato chips that you would not have had by splitting everything equally. Chris and Stephanie are just as happy, and you can share the additional chips with Kevin.
==Consumer Choice==
==Consumer Surplus==
“Consumer surplus” is the net benefit (in dollars) a consumer obtains from buying a good. Thus (consumer surplus) = (total benefit) - (total cost)
“Consumer surplus” is the net benefit (in dollars) a consumer obtains from buying a good. Thus (consumer surplus) = (total benefit) - (total cost)