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  • Consumer Surplus

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    Harleen Kaur
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    Integrals have many applications in economics for calculating total values like revenue, costs, profits, consumer surplus, and social welfare. For example, if the demand curve is known, the total revenue function can be found by integrating the demand curve over the quantity sold. Integrals are also used to find the area under a curve representing costs or benefits, like calculating the total cost function by integrating the marginal cost curve.

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    Consumer surplus under economics

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    Integrals have many applications in economics for calculating total values like revenue, costs, profits, consumer surplus, and social welfare. For example, if the demand curve is known, the total revenue function can be found by integrating the demand curve over the quantity sold. Integrals are also used to find the area under a curve representing costs or benefits, like calculating the total cost function by integrating the marginal cost curve.

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    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
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    8 views3 pages

    Consumer Surplus

    Uploaded by

    Harleen Kaur
    Integrals have many applications in economics for calculating total values like revenue, costs, profits, consumer surplus, and social welfare. For example, if the demand curve is known, the total revenue function can be found by integrating the demand curve over the quantity sold. Integrals are also used to find the area under a curve representing costs or benefits, like calculating the total cost function by integrating the marginal cost curve.

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
    Flag for inappropriate content
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    Applications of Integrals in Economics (math24.

    net)

    Applications of Integrals in Economics (math24.net)

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